RBC’s “client first” focus has driven expansion and re-investment in our Canadian branch network. In 2005, RBC Royal Bank opened nine new branches across Canada. Branch closings were limited to small
in-store/sales office locations and the relocation and expansion of other units.
In 2005, we had 3,906 banking machines (ATMs) in Canada, compared to 4,060 ATMs in 2004. A list of banking machines that were installed and removed in 2005 is available in the online version of this report, found on rbc.com.
RBC Royal Bank complies with federal legislation in our commitments to:
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Provide clients and communities with four months’ advance notice of network reconfigurations/branch closures (six months’ notice in the case of rural communities where there is no other financial institution within a 10 km radius); and |
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Ensure community leaders and public officials are aware of our reconfiguration initiatives and have an understanding of service alternatives for the affected communities. |
We are committed to working individually with each employee affected by a branch closure to identify placement opportunities as well as training and development activities to enhance placement.
CANADIAN BRANCH/FACILITY OPENINGS AND CLOSURES
2005 fiscal year (ended October 31, 2005)
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