Royal Bank of Canada - Banque Royale du Canada

The Royal Bank of Canada was first chartered in 1869 as the Merchants' Bank of Halifax. In 1901 the Merchants' Bank of Halifax of renamed the Royal Bank of Canada. From it’s early creation the RBC grew quickly and by 1941 became Canada’s largest banking institution.

The Royal Bank of Canada is a full service bank offering banking services in Canada via the Internet and their numerous branch banks and offices. RBC offers financial services ranging from personal banking, loans, credit cards, mortgages and insurance. The RBC is a registered member of the Canada Deposit Insurance Corporation. The RBC also has membership with Interac, Visa International and MasterCard amongst others.

The Royal Bank of Canada currently has assets totalling $589 billion dollars and routinely sees profits into the billion-dollar range. The RBC also operates 372 branches outside of Canada with 4,333 automated banking machines as well. The RBC not only spent nearly $4 billion on goods and services in 2006 alone, they also paid over $2 billion in taxes. Shareholders both preferred and common were recipients of over $1.6 billion in dividends paid out by the RBC.

For more about the Royal Bank of Canada please see: www.rbc.com