Located in Kinngait, Nunavut, the agency will provide basic banking
services and advance RBC's commitment to economic reconciliation
for Indigenous peoples
TORONTO, June 10, 2021 /CNW/ - Royal Bank of Canada ("RBC") today announced that it has
opened a RBC Royal Bank agency outlet in the Inuit community
of Kinngait, Nunavut. The third of
its kind in Nunavut, the agency
will provide the residents of Kinngait with increased access to key
financial services, and easier and more convenient ways to access
basic banking services in their home community.
The agency, which officially opened on June 7 in collaboration with the West Baffin
Co-operative, is offering banking services at the Co-operative's
location in the heart of Kinngait. Through the agency, residents
are now able to open a bank account, make deposits and withdrawals,
and get financial advice through the RBC branch in Iqaluit. In addition to these services, the
West Baffin Co-operative will further offer cheque cashing and bill
payment on-site. Kinngait community members will also have full
access to RBC's digital and online banking services through the
agency or their personal internet access, once they open an account
with RBC.
"We're pleased to be able to bring RBC services to Kinngait, and
to be able to further engage with local residents and community
members through the agency at West Baffin Co-operative," says
Iqaluit Commercial Account Manager Kyle
Sheppard. "Especially in remote Inuit communities, the
impact of agencies like the one in Kinngait truly goes beyond
banking. Not only does it provide convenient and affordable access
to financial services to residents who would otherwise have to
travel extensively to reach such services, but it also offers an
important touchpoint for members in the community."
The addition of the Kinngait agency builds upon RBC's network of
three existing branches in Nunavut, and fulfills the bank's commitment to
opening three new agency banks in the region's remote communities
by 2021. In 2018, the bank opened its first agency in Arviat, an Inuit hamlet in the Kivalliq Region
of Nunavut, followed by a second
agency in October 2019 in the Inuit
community of Pangnirtung.
"This agency is one of many ways we are working to better serve
Inuit communities, and to activate RBC's commitment to
reconciliation," adds Dale Sturges,
National Director, Indigenous Financial Services Group, RBC. "We
know that access to capital and financial services is one of the
key building blocks needed to help people succeed, businesses grow,
and to create equal opportunities and shared prosperity for the
community."
For more information on RBC's strategy to advance Indigenous
inclusion and prosperity, please visit www.rbc.com/indigenous.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 86,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Indigenous Financial Services Group
For more than 100 years, RBC has been building strong relationships
with First Nations, Inuit and Métis communities across Canada.
We are committed to serving Indigenous governments, communities,
organizations, businesses and individuals by creating opportunities
for sustainable economic development through access to banking and
capital, community and social development, employment, education
and training and procurement. RBC also provides donations and
grants that support Indigenous interests. More information is
available at www.rbc.com/indigenous.
SOURCE RBC Royal Bank