Facts about RBC bank

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RBC bank refers to the Royal Bank of Canada. RBC has the largest bank assets in Canada as calculated in 2013 and has a broad leadership in the financial services sector. The bank also has numerous subsidiaries, all of which operate under the master brand name of RBC. Here are some facts:

  • RBC has more than 15 million clients worldwide including personal, business, public sector and institutional clients and is one of the leading diversified financial services company in North America.

  • In 1920, RBC made its first donation to an environmental and conservation concern which was the Canadian Forestry Association.

  • In 2013, RBC was ranked as the 11th largest bank globally carrying out its operations in 46 countries. The survey was conducted on the basis of market capitalisations.

  • RBC offers employment to over 80,000 people from all over the world including full-time and part-time employees.

  • In terms of wealth and asset management, the Royal Bank of Canada is amongst the top 6 global wealth managers of assets.

  • Royal Bank specialises in offering global custody, funding administration and offers asset services to institutional investors making it one of the top 10 custodian banks with an integrated client offering.

  • Royal Bank also offers insurance services making it Canada’s largest bank-owned insurance companies. Services offered include life, home, auto, health and wealth accumulation solutions.

  • RBC is the 10th largest global investment bank by net revenue.

  • Royal Bank of Canada conducts the famous RBC Bluefest, one of Canada’s largest outdoor music festivals. The RBC Bluefest is ranked as one of North America’s most popular and important music festivals.

  • The RBC Bluefest books some of the most famous and important music bands and artists from all around the world. Some of them who have performed in the past include Manu Chao, The Black Eyed Peas, The Black Keys, KISS, Sheryl Crow, White Stripes, Skrillex, Tiesto, Peter Frampton, City and Colour, Zac Brown, Soundgarden, Bob Dylan to name a few.

  • The RBC Bluefest campaigning accounts to about $1.5 million and has great economic impact in the National Capital Region valued at $31, 469,115 million.

  • Media coverage for the RBC Bluefest include over 5 hours of TV telecast, 7 hous of Radio telecast and over 250 articles on print.

  • RBC generates yearly revenue of $27.4 billion USD while it donates more than $51 million Canadian Dollars annually to various charitable causes including environmental communities.

  • Newsweek International’s ‘Green Rankings’ ranked Royal Bank of Canada as one of the ‘greenest’ companies in 2012.

  • Wealth management at RBC provides clients with advice, expertise, technology and investment programs and options available and recommends them by individually analysing every client’s unique needs. Advisory recommendations on protecting wealth and assets and how to share them are also offered by the banking services.

  • Catie Tobin is the Head of RBC Advisor Services at present.

Royal Bank provides a wide range of investment programs for its clients. The programs starts from cash management solutions, to unbundled fee-based services, individual retirement accounts, simplified employee pension plans, investment security plans and much more.

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