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History:
(For more details, please visit our history
site)
- Chartered in 1869 as the Merchants' Bank of Halifax
- Renamed The Royal Bank of Canada in 1901
- Became Canada's largest bank based on assets in 1941 ($1
billion)
- Installed its first computer in 1961 - a first in Canadian
banking
- Formally introduced its distinctive symbol (Lion and Globe)
in 1962
RBC's Economic Impact
2008 Performance highlights
- Delivered top-quartile share performance of 8% and 12%
over three and five-year periods, respectively, while increasing
dividends paid over the three-year period at an average
annual compound rate of 19%.
- Incurred taxes of $2.08 billion worldwide.
- Served more than half a million small business clients
in Canada, the U.S. and the Caribbean.
- Purchased goods and services totalling $4.7 billion from
international, national, regional and local suppliers of
all sizes.
People (as at October 2008)
- We are 80,100 people in full and part-time positions.
- We are in 50 countries with approximately 56,000 people
in Canada, 14,000 in the US and 10,000 in other countries
- We are diverse. We speak over 100 languages and represent
four generations. Fifty-Four per cent of our management
positions are held by women and 25 per cent of our people
in Canada are visible minorities.
| Diversity in RBC's
Workplace in Canada* |
| |
1998 |
2006 |
2007 |
2008 |
| Women |
75% |
70% |
69% |
69% |
| Women in management |
53% |
55% |
55% |
54% |
| Visible minorities |
12% |
24% |
25% |
26% |
| Visible minorities in management |
13% |
21% |
24% |
25% |
| People with disabilities |
2.9% |
3.2% |
3.9% |
3.8% |
| Aboriginal Peoples |
1.1% |
1.6% |
1.6% |
1.6% |
* Figures represent employment equity
data as of October 31, 2008, for our businesses in Canada
that are governed by the Employment
Equity Act. Given variations in legal definitions
and restrictions in legislation around the world, comprehensive
data on these four designated groups is available only in
Canada.
- We promote mutual success. We have competitive Total Rewards
that have the flexibility to meet unique needs. The majority
of us are RBC shareholders via our employee savings and
share ownership plans.
- We grow both personally and professionally through e-learning,
classroom training, volunteer opportunities, work assignments,
and coaching and mentoring. More than $149 million was invested
in formal training and career development initiatives in
2008.
- We support our communities by volunteering our time and
donating funds to not-for-profit groups through payroll
deductions, direct giving and special events. We helped
RBC contributed more than $51.5 million in 2008 to community
causes worldwide.
Focus on Small and Commercial Business
Canada
- One in four of all businesses in Canada entrusts RBC with
all or part of their business banking needs, making RBC
the leading financial institution serving small and commercial
businesses across the country.
- RBC's Small Business team includes over 750 specialized
Senior Account Managers - Business and Personal, who take
care of the business and personal banking needs of each
of our Small Business clients. In addition, RBC's Commercial
Financial Services team includes 1,300 Commercial Account
Managers.
RBC Business Advisors are available at 1-800-ROYAL-20 (769-2520)
to respond to any business owner's questions, or to assist
them with their everyday banking needs, including credit
and investments.
- RBC Small Business and Commercial Financial Services teams
focus on a number of specific industries, as well as Women's
Markets and Aboriginal Markets.
United States
- RBC Bank serves almost 58,000 small business clients in
North Carolina, Georgia, Virginia, South Carolina and Florida.
- We have about 400 bankers who serve small businesses,
with nearly 60 people dedicated solely to this segment.
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