RBC Royal Bank – Questions And Answers
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 has its operations in Canada and also worldwide and this makes it an international financial institution. Its branches can be found in USA, Caribbeans and in forty eight countries globally. Its client base in Canada and other parts of the world runs into millions. This bank is divided into five business department.
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.
Then there is its international banking segment which comprises of banking services in the US where it has over 400 branches. It also has a large client base in Caribbean countries where it has over 120 branches. It also serves clients in other 48 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 bank also offers insurance services. Canadian residents and businesses are provided with insurance services. These services include health insurance, home insurance, auto insurance, travel insurance among several others.
The last is wealth management segment. This section assists the clients of the bank to protect, transfer and grow their wealth. It caters for affluent customers internationally whose net worth is high. The department also offers asset management, trust services and estate management services directly to the clients.
This bank has also been recognized as a leader in diversity. This can be seen by looking at the composition of the workforce. This institution employs many women and also appoints them to senior positions. It also employs people regarded to be in the visible minority group. People with disabilities are also fairly considered.
Royal Bank of Canada is recognized not only for banking services but for corporate social responsibility too. It gives donations to works of charity all over the world. It sponsors athletics and sports both internationally and locally. Different programs regarding environmental preservation have also been initiated by this bank.
Finding a solid Canadian bank is not easy, check if RBC Royal Bank Canada is the right for choice for you.
