RBC donates $50,000 to the Canadian Red Cross for Balkans flood relief

RBC International Money Transfer fees to be waived

TORONTO, May 23, 2014 /CNW/ - The RBC Foundation announced today a $50,000 donation to the Canadian Red Cross to support relief efforts for those affected by the worst floods to hit the Balkans in living memory. RBC has requested that its donation be directed where it is needed most for emergency relief which can include food, clean water, shelter and medical aid.

"The impact of this disaster is enormous and has been devastating to thousands of people and their communities," said Gord Nixon, CEO, RBC, "We are committed to helping the people of the Balkans recover and rebuild from these powerful floods. We are proud to partner with the Red Cross in support of their relief efforts in aiding those affected by this devastating event."

To further support those affected by the recent flooding, clients can securely send money to family and friends overseas by going to RBC Online Banking and making a money transfer through RBC International Money Transfer. Any fees incurred for remittance transfers to Bosnia and Herzegovina, Serbia and Croatia between

May 15 and July 30, 2014, will be reimbursed. For more information on RBC International Money Transfer, please visit rbc.com/sendabroad.

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 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 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 42 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 2013, we contributed more than $104 million to causes worldwide, including donations and community investments of more than $69 million and $35 million in sponsorships. Learn more at www.rbc.com/community-sustainability.

SOURCE RBC

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Sophia Massari, Communications, RBC, 416-974-7503, sophia.massari@rbc.com