RBC Royal Bank Donates $25,000 to The Red Cross
for Flood Victims in the Richelieu Valley
Montreal, May 17, 2011 - RBC Royal Bank has donated
$25,000 to the Canadian Red Cross to help it assist families
affected by flooding in the Richelieu Valley.
"We have more than 400 employees and 25 branches and
business centres in the Montérégie-South Shore
region. Guided by our values and management philosophy, we
invest in the well-being of the communities where we are present.
That's why we are taking this step, and many others, to provide
a measure of relief to our fellow citizens affected by the
floods in the Richelieu Valley," explained Patrice Sieber,
Vice-President and Regional Operating Officer, Quebec Headquarters,
RBC Royal Bank.
Among other things, the Bank is collecting donations at all
its Quebec branches and channelling the funds to the Canadian
Red Cross to support its efforts to assist these victims.
RBC customers who are among the flood victims may also postpone
their mortgage payments for up to six months. In addition,
they may reduce their mortgage or credit line payments by
paying only the interest owing. Lastly, they also have the
option of reducing the frequency of their loan payments.
"We offer these payment terms to all our customers on
a regular basis," declared Danielle Demers, Regional
Vice-President, Montérégie-South Shore, RBC
Royal Bank. But in this particular case, we are going one
step further by discussing with our customers the specific
financial needs they are facing due to the difficulties caused
by the rising waters."
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 are
among the largest banks in the world as measured by 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 79,000 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 56 other countries. For more
information, please www.rbc.com.
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For more information, please contact:
Chouinard, RBC Royal Bank, 514-874-6556