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