Royal Bank of Canada is situated in Toronto, Canada and caters to more than 16 million customers. It is the biggest bank in Canada.
The bank also has more than 78,000 workers worldwide, and the bank was established in Halifax, Nova Scotia in 1864, and the bank number or Institution Number of Royal Bank of Canada is 003. Royal Bank of Canada has more than 1,200 branches in Canada with around 127 branches crosswise over seventeen nations in the Caribbean, that cater to more than 1.6 million clients.
Apart from Canada, the company serves in US as well as another 37 countries. Additionally, RBC also has an investment brokerage arm called RBC Dominion Securities and an investment & Corporate banking arm called RBC Capital Markets.
With assets under management exceeding more than 670 USD bn, the company has one of the largest market capitalizations in Canada as per the Scorpio Partnership Global Private Banking Benchmark.
A diversified financial services sector company, Royal bank of Canada offers variety of services. The company is into five different segments: Wealth management (in which the company provides specialized services to ultra or high net worth individuals or institutions), Personal and commercial banking (which is the retail banking arm of the company to serve the general customers with personal and business banking operations), Insurance (which includes the 2 business sub-segments that are Canadian and International insurance), Investor and treasury services ( for providing asset servicing solutions) and finally Capital Markets (that provide Investment and Global banking solutions).
Royal Bank of Canada’s sales turnover in Canada was 35.3 Billion Canadian dollars in 2015. The company earned 10.02 Billion Canadian dollars profit. Royal Bank of Canada is listed as the largest profitable company in Canada for 2015.