Unprecedented achievement by a North American bank
TORONTO, May 22, 2015 /CNW/ - The employees of RBC were once again
honoured with the most prestigious international prize that Retail
Banker International (RBI) can bestow at its annual awards competition
- Global Retail Bank of the Year.
The RBI Awards are a well-established global competition and highly
regarded within the industry as a mark of exceptional performance. In
addition to being named Global Retail Bank of the Year for the second
consecutive year, RBC was shortlisted in two other categories including
North American Retail Bank of the Year and Best Branch Strategy.
"RBC outperformed its global peer group for the second year by
delivering outstanding results in a variety of key measures, including
return on equity, profit before tax per FTE, efficiency ratio, and loan
to deposit ratio," said Douglas Blakey, Group Editor Consumer Finance
Titles at London-based Timetric. "And these results have produced
impressive returns for stockholders, with a 23 per cent per year total
shareholder return, and a 37 per cent increase in quarterly dividends
over the last three fiscal years."
RBC is the only Canadian bank to capture RBI's top honour, and the only
North American bank to earn the distinction two consecutive years in a
row - an unprecedented achievement in a competition that attracted
close to 400 nominations from the world's most successful banks.
"We're truly proud and honoured to be recognized on the world stage for
another year of exceptional commitment to our clients, shareholders and
communities," said Dave McKay, RBC's President & Chief Executive
Officer. "This award is a direct reflection of the dedication and
passion of all our retail employees."
This year's RBI awards program marks the fourth year in a row that RBC
has been among the most recognized banks. Prior to winning Global
Retail Bank of the Year in 2014 and again this year, RBC was named Best
Retail Bank in North America in 2012 and 2013. In the history of the
RBI Awards, no other Canadian bank has ever achieved this level of
international recognition.
RBI is one of the world's leading sources of retail banking news and
information from around the world. It is part of Timetric, a leading
provider of online data, analysis and advisory services on key
financial and industry sectors. More about the RBI Awards 2015.
ABOUT RBC
Royal Bank of Canada 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, insurance, investor
services and capital markets products and services on a global basis.
We employ approximately 78,000 full- and part-time employees who serve
more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 39 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2014, we contributed
more than $111 million to causes worldwide, including donations and
community investments of more than $76 million and $35 million in
sponsorships.
SOURCE RBC
