MONTREAL, May 17 /CNW Telbec/ - RBC Royal Bank has donated $25,000 to
the Canadian Red Cross to help it assist families affected by flooding
in the Richelieu Valley.
"We have more than 400 employees and 25 branches and business centres in
the Montérégie-South Shore region. Guided by our values and management
philosophy, we invest in the well-being of the communities where we are
present. That's why we are taking this step, and many others, to
provide a measure of relief to our fellow citizens affected by the
floods in the Richelieu Valley," explained Patrice Sieber,
Vice-President and Regional Operating Officer, Quebec Headquarters, RBC
Among other things, the Bank is collecting donations at all its Quebec
branches and channelling the funds to the Canadian Red Cross to support
its efforts to assist these victims.
RBC customers who are among the flood victims may also postpone their
mortgage payments for up to six months. In addition, they may reduce
their mortgage or credit line payments by paying only the interest
owing. Lastly, they also have the option of reducing the frequency of
their loan payments.
"We offer these payment terms to all our customers on a regular basis,"
declared Danielle Demers, Regional Vice-President, Montérégie-South
Shore, RBC Royal Bank, but in this particular case, we are going one
step further by discussing with our customers the specific financial
needs they are facing due to the difficulties caused by the rising
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate
under the master brand name RBC. We are Canada's largest bank as
measured by assets and market capitalization and are among the largest
banks in the world as measured by market capitalization. We are one of
North America's leading diversified financial services companies and
provide personal and commercial banking, wealth management services,
insurance, corporate and investment banking and transaction processing
services on a global basis. We employ approximately 79,000 full- and
part-time employees who serve more than 18 million personal, business,
public sector and institutional clients through offices in Canada, the
U.S. and 56 other countries. For more information, please visit rbc.com.
SOURCE RBC ROYAL BANK
For further information:
Raymond Chouinard, RBC Royal Bank, 514-874-6556