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Corporate profile
Royal Bank of Canada (TSX/NYSE: RY), operating under the master brand name of RBC Financial
Group, is Canada’s largest bank as measured by market value and assets, and is one of North
America’s leading diversified financial services companies. We provide personal and commercial
banking, wealth management, insurance, corporate and investment banking, and transaction
processing services on a global basis. We employ over 60,000 people who serve more than 12
million personal, business and public sector clients through offices in North America and some 30
countries around the world.
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Business segments
Contribution to total net income*
(Q3/04)
* Excluding "Other" segment
|
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RBC Banking:
delivers a wide range of financial services through a variety
of channels to over 11 million individual, small & medium-sized
business and commercial clients in Canada (RBC
Royal Bank), the U.S. (RBC Centura and its RBC Mortgage
and RBC Builder Finance divisions) and the Caribbean and
the Bahamas (RBC Royal Bank of Canada) |
| ($ millions) |
Q3/04 |
Q3/03 |
| Total revenues |
|
1,933 |
|
1,960 |
| Provision for credit losses |
|
128 |
|
135 |
| Non-interest expense |
|
1,220 |
|
1,163 |
| Net income |
|
390 |
|
414 |
| Return on equity |
|
21.8% |
|
22.6% |
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RBC Investments:
provides full-service and self-directed brokerage, financial
planning, investment counseling, personal trust, private
banking and investment management products and
services to clients in Canada, the U.S. and internationally,
delivered through RBC Royal Bank branches in Canada,
RBC Investments offices, RBC Dain Rauscher branches
and other locations worldwide
|
| ($ millions) |
Q3/04 |
Q3/03 |
| Total revenues |
|
925 |
|
904 |
| Non-interest expense |
|
755 |
|
733 |
| Net income |
|
113 |
|
113 |
| Return on equity |
|
16.0% |
|
16.7% |
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RBC Insurance:
offers a range of creditor, life, health, travel, home and
auto insurance and reinsurance products and services to
more than 5 million clients in Canada, the U.S. and
internationally. Total premiums and deposits in Q3 2004
were $734 million compared to $556 million in Q3/03.
|
| ($ millions) |
Q3/04 |
Q3/03 |
| Total revenues |
|
632 |
|
505 |
| Insurance policyholder benefits,
claims and acquisition expense |
|
422 |
|
335 |
| Non-interest expense |
|
128 |
|
117 |
| Net income |
|
75 |
|
57 |
| Return on equity |
|
25.3% |
|
24.4% |
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RBC Capital Markets:
provides wholesale financial services to corporate,
government and institutional clients in North America
and in specialized product and industry sectors globally;
headquartered in Toronto, with key centres of expertise
in Minneapolis, New York, London and offices in over 25
other cities
|
| ($ millions) |
Q3/04 |
Q3/03 |
| Total revenues |
|
681 |
|
688 |
| Provision for credit losses |
|
3 |
|
39 |
| Non-interest expense |
|
463 |
|
420 |
| Net income |
|
165 |
|
147 |
| Return on equity |
|
18.0% |
|
15.9% |
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RBC Global Services:
offers specialized transaction processing services to
commercial, corporate and institutional clients in
domestic and select international markets; key
businesses include global custody, fund administration,
correspondent banking, cash management, payments
and trade finance
|
| ($ millions) |
Q3/04 |
Q3/03 |
| Total revenues |
|
239 |
|
218 |
| Non-interest expense |
|
157 |
|
149 |
| Net income |
|
60 |
|
49 |
| Return on equity |
|
36.5% |
|
30.4% |
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