Royal Bank Of Canada And Its Diverse Services

Written By: Traci Dillon on September 6, 2010 No Comment

Royal Bank of Canada started its operations in Halifax city. RBC as it is commonly known is the biggest banking institution in Canada. This is arrived at by looking at its revenues, market capitalization and financial deposits. The bank also belongs among the largest banking institutions in the world.

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.

The first segment is Canadian Banking where it provides personal banking services and business financial services to people living within Canada. This is done through its numerous branches all over Canada, through its ATM network, online banking and contact centers. It reaches about 10 million clients inside 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.

It provides financial advice to corporates and government through its capital market segment. This advice is about the world’s financial markets and innovative products to help these organizations achieve their growth objective. In fact the bank is recognized as one of the world’s top 15 global investment banks.

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.

Lastly there is the wealth management section. This segment helps the bank’s clients to grow, protect and transfer their wealth. It is an international service that serves affluent clients with a high net worth. This section also provides estate management, asset management and trust services to clients directly.

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.

RBC Royal Bank is one of the top Canadian financial institutions. Learn interesting facts about RBC and other Canadian Banks at Banking Guide of Canada.