||Royal Bank launched its annual
educational awards program for
First Nations students attending a
university or college in Canada –
now called the RBC Aboriginal
Student Awards program.
||Royal Bank launched its Aboriginal Stay–in–School program, hiring students in Grades 9 – 12 to work in bank branches across Canada each summer.
||Royal Bank pledged $275,000 over six years to support the Saskatchewan Indian Federated College, Canada's first Aboriginal college and the country's only university-level college to be operated by First Nations people.
||Royal Bank established a national Aboriginal Banking division.
||Royal Bank signed an agreement with the National Association of Friendship Centres (NAFC) to launch a program of business and community development initiatives across the country. Royal Bank joined forces with the National Aboriginal Veterans Association to help raise funds to erect a monument in Ottawa to commemorate the war efforts of Canada's Aboriginal men and women.
||Royal Bank issued The Cost of Doing Nothing — A Call to Action and Aboriginal Economic Development report, describing the social and economic costs Canada faced if nothing is done to boost Aboriginal participation in the labour force and address Aboriginal economic development.
||Charlie Coffey, Royal Bank's Executive Vice-President of Business Banking, was invested as Honorary Chief by the Assembly of Manitoba Chiefs in recognition of his support of economic development and self-sufficiency for First Nations peoples
||Royal Bank became a corporate sponsor of Working Partnerships, a government of Ontario program to encourage more Aboriginal partnerships with the corporate sector.
||Royal Bank launched a new on reserve housing finance program to assist First Nation members to construct, purchase and renovate homes located within First Nations communities.
||Royal Bank established a national
agency banking program as an
alternative delivery method of banking
services for remote rural communities.
||In response to the Assembly of First
Nations (AFN) national corporate
challenge, Royal Bank and AFN signed a
Memorandum of Understanding and
committed to a two–year action plan to
address access to capital, community
and social development, employment
and procurement for First Nations
||RBC Blue Water Project leadership
grants totalling more than $1 million
are awarded to projects related to water
issues in Aboriginal communities.
||Royal Bank named Phil Fontaine, former National Chief of the Assembly of First Nations (AFN), as Special Advisor.
||Royal Bank introduced Remote Banking, a new banking service for Aboriginal Canadians living in remote areas, to make it easier for them to access personal banking services.
||Royal Bank launched its Leasehold Mortgage Program to provide First Nations with greater flexibility in developing commercial and residential real estate projects on leased land.
||Royal Bank was the first Canadian financial institution to offer telephone customer service in Cree and Inuktitut.
||Royal Bank introduced a social networking site, One Heart, for Aboriginal employees.
||RBC Foundation donated $1,000,000 to Pathways to Education, an initiative that focuses on removing barriers to post-secondary education and encouraging meaningful employment in at-risk neighbourhoods. This program helps participating students, including Aboriginal students, graduate from high school and go on to pursue post-secondary education.
||RBC Foundation contributed
$300,000 to the Martin Aboriginal
Education Initiative (MAEI), a
program aimed at helping Aboriginal
youth stay in school.