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 visit rbc.com.
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For more information contact:
Jackie Braden, 416-974-1724, email@example.com