TORONTO, Feb. 6, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced that its Q4 2013 Supplementary Financial Information,
which reflects our adoption of amendments to International Accounting
Standard 19 Employee Benefits, as well as the adoption of International
Financial Reporting Standards (IFRS) 10 Consolidated Financial
Statements and IFRS 11 Joint Arrangements, is now available for
download at www.rbc.com/investorrelations/ir_quarterly.html.
These accounting standards became effective for RBC on November 1, 2013.
The financial information presented in the Q4 2013 Supplementary
Financial Information reflects the impact of these standards on our
consolidated comparative financial results for 2013 and 2012.
Royal Bank of Canada will release its first quarter 2014 results and
host an earnings conference call on February 26, 2014. For further
information, please visit www.rbc.com/investorrelations.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
From time to time, we make written or oral forward-looking statements
within the meaning of certain securities laws, including the "safe
harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make
forward-looking statements in this press release, in filings with
Canadian regulators or the SEC, in reports to shareholders and in other
communications. Forward-looking statements in this press release
include, but are not limited to, statements relating to the reporting
of our business segments' financial results. Forward-looking statements
are typically identified by words such as "believe", "expect",
"foresee", "forecast", "anticipate", "intend", "estimate", "goal",
"plan" and "project" and similar expressions of future or conditional
verbs such as "will", "may", "should", "could" or "would".
By their very nature, forward-looking statements require us to make
assumptions and are subject to inherent risks and uncertainties, which
give rise to the possibility that our predictions, forecasts,
projections, expectations or conclusions will not prove to be accurate,
that our assumptions may not be correct and that our financial
performance objectives, vision and strategic goals will not be
achieved. We caution readers not to place undue reliance on these
statements as a number of risk factors could cause our actual results
to differ materially from the expectations expressed in such
forward-looking statements. These factors - many of which are beyond
our control and the effects of which can be difficult to predict -
include: credit, market, liquidity and funding, insurance, regulatory
compliance, operational, strategic, reputation and competitive risks
and other risks discussed in the Risk management and Overview of other
risks sections of our 2013 Annual Report; the impact of regulatory
reforms, including relating to the Basel Committee on Banking
Supervision's (BCBS) global standards for capital and liquidity reform,
the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations issued and to be issued thereunder, over-the-counter
derivatives reform, the payments system in Canada, the U.S. Foreign Account Tax Compliance Act (FATCA),and regulatory reforms in the United Kingdom (U.K.) and Europe;
the high levels of Canadian household debt; cybersecurity; the business
and economic conditions in Canada, the U.S. and certain other countries
in which we operate; the effects of changes in government fiscal,
monetary and other policies; our ability to attract and retain
employees; the accuracy and completeness of information concerning our
clients and counterparties; the development and integration of our
distribution networks; model, information technology and social media
risk; and the impact of environmental issues.
We caution that the foregoing list of risk factors is not exhaustive and
other factors could also adversely affect our results. When relying on
our forward-looking statements to make decisions with respect to us,
investors and others should carefully consider the foregoing factors
and other uncertainties and potential events. Material economic
assumptions underlying the forward looking statements contained in this
press release are set out in our 2013 Annual Report under the heading
Overview and outlook and for each business segment under the heading
Outlook and priorities. Except as required by law, we do not undertake
to update any forward-looking statement, whether written or oral, that
may be made from time to time by us or on our behalf.
Additional information about these and other factors can be found in the
Risk management and Overview of other risks sections or our 2013 Annual
Report.
Information contained in or otherwise accessible through the websites
mentioned does not form part of this earnings release. All references
in this earnings release to websites are inactive textual references
and are for your information only.
ABOUT RBC
Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank and
one of the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial services
companies, and provide personal and commercial banking, wealth
management services, insurance, investor services and capital markets
products and services on a global basis. We employ approximately 79,000
full- and part-time employees who serve more than 15 million personal,
business, public sector and institutional clients through offices in
Canada, the U.S. and 44 other countries. For more information, please
visit rbc.com.
Trademarks used in this Earnings Release include the LION & GLOBE
Symbol, ROYAL BANK OF CANADA and RBC which are trademarks of Royal Bank
of Canada used by Royal Bank of Canada and/or by its subsidiaries under
license. All other trademarks mentioned in this Earnings Release, which
are not the property of Royal Bank of Canada, are owned by their
respective holders.
SOURCE RBC
