Royal Bank of Canada - T.RY- Profile

Royal Bank of Canada (The). The Group's principal activities are to provide banking services and other financial services. Financial services include deposit accounts, investments and mutual funds, financial planning and advice, credit and debit cards, business and personal loans and residential and commercial mortgages. The Group also provides Insurance services which include a wide range of creditor, life, health, travel, home, auto and reinsurance products and services. These services are provided to individuals, small and medium-sized businesses and mid market commercial clients in Canada, the U.S., the Caribbean and the Bahamas. During 2002, the Group completed the acquisition of the private banking business of Barclays Bank PLC, Eagle Bancshares, Inc and Tucker Federal Bank. Personal and commercial banking accounted for 48% of gross revenues in fiscal 2002; Wealth management, 23%; Corporate and investment banking, 17%; Transaction process, 6%; Insurance, 3% and Other, 3%.