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At a Glance

 

Here are some fast facts about RBC Financial Group:

History
Major acquisitions
Key facts
People

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

Major acquisitions

For more information, please visit our Investor Relations site:
Acquisitions section

2007

  • Seasongood & Mayer - April 30, 2007
  • Royal Fidelity Merchant Bank and Trust (Bahamas and Barbados) joint venture - March 17, 2007
  • J.B Hanauer & Co - March 13, 2007

2006

  • Daniels & Associates - November 21, 2006
  • RBC Centura to buy 39 AmSouth branches - November 1, 2006
  • Carlin Financial Group - October 25, 2006
  • American Guaranty & Trust - September 6, 2006
  • Flag Financial Corporation - August 9, 2006

2005

  • Abacus Financial Services Group Limited - November 30, 2005
  • Dexia - June 9, 2005

2003

  • William R. Hough & Co. - December 16, 2003
  • UnumProvident's Canadian operations - November 18, 2003
  • Sterling Capital Mortgage Corporation - July 17, 2003
  • Florida branch acquisition - July 10, 2003

2002

  • Admiralty Bancorp, Inc. - August 29, 2002
  • Assets of Barclays' private banking operations in the Americas. - May 22, 2002
  • U.S. direct life insurance and mutual fund operations of Business Men's Assurance Company of America - April 30, 2002
  • Eagle Bancshares, Inc - March 26, 2002

2001

  • Tucker Anthony Sutro - August 1, 2001
  • Perpetual Fund Services, the custody, investment administration and unit registry business of Perpetual Trustees Australia Limited. - May 30, 2001
  • Centura Banks, Inc - January 26, 2001

2000

  • September 28 - Dain Rauscher Corp.
  • Liberty Life and Liberty Insurance Services - June 19, 2000
  • Prism Financial Corp - March 10, 2000
  • Ernst & Young Trust Company (Jersey) Limited - January 31, 2000
  • RBC Insurance's Acquisition of PruCan's Individual Life Insurance and Annuity Business and 15% of PPI Partners - January 31, 2000

Key Facts
(as of July 31, 2007 - unless otherwise indicated)

All numbers and figures are in Canadian dollars

  • Assets: $605 billion
  • Assets under administration: * $563 billion
  • Market capitalization: $69.0 billion
  • Number of branches in Canada: 1,524
  • Number of branches outside of Canada: 372
  • Number of automated banking machines: 4,377
  • $2.1 billion paid in taxes (Oct. 31, 2006 - worldwide)
  • Spent $3.9 billion spent on goods and services, from thousands of suppliers of all sizes (Oct. 31, 2006 - worldwide)
  • In 2006, RBC paid out $1.6 billion in dividends to preferred and common shareholders
  • Over $83 million donated to charities in 2006 (worldwide)
  • Over $42 million in sponsorship in 2006 (worldwide)
  • $7.3 billion in employee compensation and benefits in 2006
  • $1.7 billion spent on technology (in 2006)
  • Customers: 15 million
  • Telephone banking customers: 3.1 million (Oct. 31, 2006)

* Excluding Institutional & Investor Services assets that were contributed to the joint venture RBC Dexia Investor Services on January 2, 2006.

People (as at October 2006)

  • Number of employees (Full and part-time positions): 69,480
  • RBC has approximately 8,000 employees in management-level positions; 55 per cent are women (2006); 21 per cent are visible minorities.
  • It is estimated that about 1,000 RBC employees work in some form of flexible work arrangement.
  • RBC spent $109 million on employee learning in 2006. Learning is delivered through multiple channels: classroom, e-learning, workplace, satellite, intranet, electronic performance support, job aids, etc.
  • RBC receives as many as 25,000 applications each month. Our new Careers online application system makes submitting a resume much easier.
  • With Personal Learning Network, an award-winning learning program, RBC enables its employees to advance their training anytime, anywhere.

Focus on small and medium sized business (SME)

Canada

  • RBC is a market leader with more than 420,000 small business clients and 180,000 commercial clients in Canada.
  • We have more than 500 account managers dedicated to small business clients and more than 1,200 account managers dedicated to serving commercial clients.
  • We are the market leader for women entrepreneurs in Canada with a 21 per cent market share.

United States

  • RBC Centura 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.

Related Links
  Financial Highlights (pdf)
  Annual Reports and Proxy Circulars
  Financial Performance
  RBC and Diversity
  RBC and the Environment

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