RBC Financial Group
RBC Home | Search | Site Map | Contact Us | Legal Terms | Français  
Other RBC Sites:
Banking Investments Capital Markets
» Corporate Profile
» Corporate Governance
» History
» Investor Relations
Media Newsroom
 News Releases
 Editorial Edge
 RBC Executive Profiles
 Speeches
 RBC Facts
 RBC Purchasing Managers’ Index
 RBC Canadian Consumer Outlook Index
 RBC U.S. Consumer Outlook Index
 Special Reports
 Multimedia
 Events Calendar
» RBC Social Media
» Economics
» Publications
» Community & Sustainability
» Careers
» Diversity
» Become a Supplier
» Become an Employee
» Make a Complaint

News Releases

 

RBC Extends commercial banking services into Europe, Asia/Pacific

Provides day-to-day global banking services for small and commercial firms

TORONTO, May 22, 2008 — With 28 per cent of its small business and commercial clients already doing business around the world, and a further 10 per cent looking to do so within the next two years, RBC is extending its integrated global financial services throughout Europe and the Asia/Pacific region, including China and India.

"For some time, Canada's biggest corporations have had access to the global treasury management solutions they need," explained Jana Henderson, director, RBC Global Solutions. "Now RBC is ensuring that Canadian-based small and commercial businesses can access the same scope and level of service in Europe and Asia/Pacific - and via the same RBC relationship team they know and who knows their business and their industry."

"Just as understanding a company's business and industry is critical to adding real value, so is the ability to support their success when their business enters new countries around the world," added Ms. Henderson.

RBC's small business and commercial clients currently conduct business in more than 100 countries. While the most business activity continues to be with the U.S. (84 per cent), 15 per cent now involves Europe, nine per cent involves China, and seven per cent involves other countries in the Asia/Pacific region. Of the 10 per cent of RBC's clients who anticipate entering the international arena within the next two years, one-in-five are looking at China, while one-in-seven are planning activity in Europe or the Asia/Pacific.

RBC's research finds that the four Canadian industry sectors most actively doing business around the world are Manufacturing (28 per cent), Wholesale (13 per cent), Consumer Services (10 per cent), and Knowledge-Based Industries (eight per cent.)

To further support the success of its small business and commercial clients, RBC is partnering with Deutsche Bank AG, to leverage its extensive European and Asia/Pacific financial services infrastructure. With RBC as the single point of contact for their international banking needs, Canadian-based companies and their foreign subsidiaries will be able to access a full range of global treasury management solutions for their day-to-day banking, including in-country deposit accounts, payments, collections, and online access.

This is the first in a series of initiatives RBC is embarking on to extend and enhance its reach globally beyond Canada and the U.S., into the European and Asia/Pacific countries where RBC clients are expressing the most interest in doing business. RBC's Global Transaction Solutions team of international specialists will continue to provide industry-leading global expertise in such areas as foreign exchange, payments, collections, and trade finance products.

"Our clients already have access to RBC's extensive capabilities for their business banking needs in North America," added Shauneen Bruder, executive vice-president, Business and Commercial Banking for RBC. "However, our clients' horizons are widening beyond North American borders and we're keeping pace. We're going to continue to be wherever they need us, providing the advice and global capabilities to support their success."

RBC is recognized as Canada's financial services leader in cash management, international trade finance, and foreign exchange. RBC's most recent awards for global financing expertise include Leading Bank in Cash Management, Technology, and Cross Border/International Reach (Cash Management & Electronic Business Banking - 2006, Maritz Research), No. 1 Canadian Foreign Exchange, Dealer and Electronic Platform, 2007 (Euromoney Magazine), and Best Trade Finance Bank in Canada, 2007 (Global Finance Magazine).

- 30 -

Media contact:
Beja Rodeck, +1 416-974-5506, beja.rodeck@rbc.com


 



Take Action
  Contact a member of the Media Relations Team


In the news
  RBC PMITM signals solid output growth in February (14.03.03)
  RBC seeks emerging painters to enter 16th annual RBC Canadian Painting Competition (14.02.21)
  Royal Bank of Canada announces results of conversion privileges of Non-Cumulative 5-Year Rate Reset First Preferred Shares Series
AJ & AL (14.02.14)
  More »


Related Links
  Quarterly Information
  RBC at a Glance
  RBC Letter
  About RBC


  Special Reports
 
  RBC Canadian Manufacturing Purchasing Managers'Index
 
05/22/2008 08:14:21