Royal Bank Of Canada
The Royal Bank of Canada (RBC) is a Canadian multinational financial services company with the largest market capitalization in the country. The bank has over 17 million customers and over 89,000 employees worldwide. It was founded in Halifax, Nova Scotia, in 1864, and now has corporate headquarters in Toronto and its head office in Montreal. The RBC institution code is 003. RBC was added to the Financial Stability Board's list of global systemically important banks in November 2017.
With 1,209 branches across Canada, the bank's personal and business banking divisions are known as RBC Royal Bank in English and RBC Banque Royale in French, and they provide services to about 10 million customers. Previously operating 439 branches across six states in the Southeastern United States, RBC Bank is a US banking subsidiary that now only provides cross-border banking services to Canadian tourists and expatriates. City National Bank, another US subsidiary of RBC, runs 79 branches in 11 US states. Additionally, RBC has 127 locations that serve more than 16 million customers spread across seventeen Caribbean nations. RBC Dominion Securities is the name of the investment brokerage company, while RBC Capital Markets is RBC's global investment and corporate banking subsidiary. RBC Bank also offers investment banking services, with a focus on middle-market clients.
RBC was the largest Canadian company by revenue and market capitalization in 2011, and it was ranked 50th in the Forbes Global 2000 list in 2013. In 2021, the company had CA$1.01 trillion in assets under management and operations in Canada and 36 other countries. The market capitalization of Royal Bank of Canada was $134.86 billion as of April 2023. By market cap, this places Royal Bank of Canada as the 92nd most valuable company in the world. The most recent financial reports from Royal Bank of Canada show that the company's current revenue (TTM) is $38.54 Billion. The company's revenue dropped from the $39.67 billion in 2021 to $37.50 billion in 2022.
Founded: 1864
Headquarters: Toronto, Ontario
Website: https://www.rbcroyalbank.com/
