RBC donates $100,000 to assist Pakistan flood victims
Branches accepting public donations to Canadian Red Cross
TORONTO, August 23, 2010 RBC Foundation
today announced it is donating $100,000 to the Red Cross to
support water purification and sanitation requirements as
well as emergency relief efforts for communities affected
by the floods in Pakistan. It is also accepting donations
from the general public at all of its branches across Canada.
"The scale of this disaster is enormous and its impact
has been devastating to millions of people and their communities,"
said Gordon M. Nixon, president and CEO, RBC. "On behalf
of our clients and employees, we are supporting the relief
efforts with a donation and by making our branches available
to help raise funds from the public."
Anyone who wants to contribute to the Canadian Red Cross
can do so by visiting any RBC branch in Canada. The Canadian
government announced that it will match dollar-for-dollar
money donated to registered Canadian charities between August
2 and September 12 to the flood relief. Funds raised will
be used to provide relief items such as food, clean water,
shelter materials, blankets and clothing on an urgent basis
where the need is the greatest.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name RBC. We are Canada's largest
bank as measured by assets and market capitalization, and
among the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial
services companies, and provide personal and commercial banking,
wealth management services, insurance, corporate and investment
banking and transaction processing services on a global basis.
We employ approximately 77,000 full- and part-time employees
who serve more than 18 million personal, business, public
sector and institutional clients through offices in Canada,
the U.S. and 52 other countries. For more information, please
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For more information contact:
Jackie Braden, 416-974-1724, firstname.lastname@example.org