Royal Bank Of Canada

According to market capitalization, Royal Bank of Canada is the biggest bank in Canada and an international provider of financial services. With more than 89,000 employees worldwide, the bank serves more than 17 million customers. It was established in Halifax, Nova Scotia, in 1864, and now has offices in both Toronto and Montreal. The institution ID for RBC is 003. RBC was included on the Financial Stability Board's list of internationally significant 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. Formerly operating 439 branches in six states in the Southeastern United States, RBC Bank is a US banking affiliate that now exclusively provides cross-border banking services to Canadian tourists and expatriates. City National Bank, another US subsidiary of RBC, runs 79 locations in 11 US states.

Moreover, 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 division. RBC Bank also offers investment banking services, with a focus on clients in the middle market.

The market capitalization of Royal Bank of Canada was $130.03 billion as of March 2023. By market cap, this places Royal Bank of Canada as the 90th 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 $39.67 billion in 2021 to $37.5 billion in 2022.

Founded: 1864
Headquarters: Montreal, Quebec, CanadaToronto, Ontario, Canada
Website: rbc.com