Royal Bank of Canada SWOT Analysis, Competitors & USP
Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Royal Bank of Canada analyses the brand by its strengths, weaknesses, opportunities & threats. In Royal Bank of Canada SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Royal Bank of Canada to benchmark its business & performance as compared to the competitors. Royal Bank of Canada is one of the leading brands in the banking & financial services sector.
The table below lists the Royal Bank of Canada SWOT (Strengths, Weaknesses, Opportunities, Threats), top Royal Bank of Canada competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Strive to have a positive economic, environmental and social impact and to provide responsible leadership.
Royal Bank of Canada STP
Institutional investors, Individual investors and enterprises
Institutional investors, Individual investors and enterprises looking for retail banking or financial services.
Pioneer in banking, insurance, capital markets, investing and wealth management activities.
SWOT Analysis of Royal Bank of Canada
Royal Bank of Canada Strengths
Below are the Strengths in the SWOT Analysis of Royal Bank of Canada:
1. The bank serves seventeen million clients and has 80,100 employees worldwide. 2. Strong reputation:listed as the largest Canadian company by revenue and market capitalization by The Globe and Mail[ 3. Spread across the globe:operations in Canada, the United States, and 51 other countries. 4. Diverse workforce: employs around 68,480 people.
5. Strong financials reflected in the financial statements.
Royal Bank of Canada Weaknesses
Here are the weaknesses in the Royal Bank of Canada SWOT Analysis:
1. Limited global popularity as compared to a few other banks as it is operations are mainly in Canada and US 2. Depended on volatile financial market. 3. RBC has been had issues and controversies (such as discrimination issue in US, financing of oil sand bitumen extraction, Ottawa branch firebombing, etc).
Royal Bank of Canada Opportunities
Following are the Opportunities in Royal Bank of Canada SWOT Analysis:
1. Geographical expansion through mergers, acquisitions and partnerships. 2. Increase in offerings to cater larger base of customer.
3. Setting up operations in south-east Asia to leverage on the growing economies
Royal Bank of Canada Threats
The threats in the SWOT Analysis of Royal Bank of Canada are as mentioned:
1.Vancouver area's housing market is vulnerable to a bust. 2. Impacted by regulatory and legal changes across the nation. 3. Facing intensive competition.
Royal Bank of Canada Competition
Royal Bank of Canada Competitors
Below are the top 7 competitors of Royal Bank of Canada:
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