Royal Bank of Canada was founded in Halifax. It is Canada’s the largest financial institution. This is based on its financial deposits, revenues and market capitalization. It is also considered to be among the world’s largest banks.
It offers its services in Canada and other countries of the world. This makes it an international financial institution. Its branches are found in Caribbeans, USA and also in forty eight other countries internationally. It has clients in both Canada and other parts of the globe numbering millions. The institution has five business sections.
First there is the Canadian Banking segment that offers business financial services plus personal banking services to Canadian residents. This service is offered via its many branches in all parts of Canada. It also makes use of ATM network, contact centers and internet banking. This enables it to reach approximately ten million customers in Canada.
The second is international banking section which consists of financial services in United States where there are more than four hundred branches. The bank also has many clients in countries of the Caribbean where there are more than one hundred and twenty branches. It operates also in forty eight other countries internationally.
The capital market department offers advice related to finance to government and corporates. This has to do with innovative products and global financial markets to assist the organizations in achieving growth objectives. The bank is actually recognized as being among the 15 leading international investment institutions.
The institution also specializes in insurance. It enables individuals and businesses in Canada to access insurance. Insurance services include health insurance, travel, home and auto insurance among many others.
The last section is the wealth management department. This department enables the bank’s clients to transfer, grow and protect their wealth. This service is offered internationally and serves high net worth clients who are also affluent. The department offers trust services, estate management services and asset management services directly to its customers.
RBC has gained recognition for leading in diversity. This can be seen from the kind of people that are employed here. Many women are employed by the institution and also appointed to high positions. People considered to belong to visible minority groups are also offered employment. The disabled also get a fair consideration.
Royal Bank of Canada is not only recognized for its financial services but also for its corporate social responsibility. It donates to charities worldwide. It also sponsors sports and athletics both locally and internationally. It has also initiated various programs concerned with preservation of the environment.
To learn more about big Canadian banks and Royal Bank Of Canada please visit http://www.canadabanks.net.
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