TORONTO, Nov. 28, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) has been named Bank of the Year in Canada by The Banker magazine, a Financial Times publication.
"Receiving this award is truly an honour, because it recognizes much more than simply financial performance," said Dave McKay, President and Chief Executive Officer, RBC. "So much of the credit goes to our incredible employees who go above and beyond to help our clients realize their financial goals. We are also deeply appreciative of our clients who put their trust in us, day-in and day-out, to help them succeed."
The Bank of the Year Awards reward the success and overall achievements of the world's top financial institutions. One award is given to a single bank in each country for best overall performance. In Canada, RBC was singled out for consistently delivering strong returns and for actively addressing emerging opportunities while executing on strategic initiatives.
"I'm so proud of what we've accomplished as a team. We've been able to make a difference by always starting with our clients and being innovative in our thinking and use of technology to develop solutions," added Mr. McKay. "We're excited about our growth opportunities. Our leadership in Canada is a great base for our growth in top global markets like the U.S. and U.K."
The award was announced at a gala event held in London, England. The Banker is one of the world's longest-running international banking magazines and is recognized as a leading source of information on finance and investment around the world.
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 40 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.
For further information: Media contacts: Seema Sharma, Financial Communications, RBC, 416-974-5606; Rina Cortese, Media Relations, RBC, 416-627-4039