RBC announces $150,000 donation to support immediate humanitarian and relief efforts in Türkiye & Syria
TORONTO, Feb. 8, 2023 - RBC today announced a donation of $150,000 to the Canadian Red Cross Earthquake in Türkiye & Syria Appeal to provide aid for immediate and future humanitarian needs following the earthquake that hit the region on Monday.
The Red Cross Red Crescent is working to provide immediate relief, ongoing recovery efforts and resiliency and preparedness activities in impacted and surrounding areas.
Those wanting to help support relief efforts are encouraged to donate to the Canadian Red Cross online at www.redcross.ca, by calling 1-800-418-1111, or by donating at any RBC branch in Canada from February 8 – March 2 2023.
RBC announces 2023 Future Launch Black Youth Scholarship recipients
Twenty young people from across Canada will receive financial support and mentorship from RBC and community partners to further their postsecondary education and prepare for the future of work
TORONTO, Feb. 14, 2023 - Today, RBC Foundation announced the 2023 cohort of RBC Future Launch Black Youth Scholarship recipients. This scholarship, awarded to Black students aged 15-29, provides up to $10,000 annually for up to four years, as well as access to mentorship and support services to serve the unique needs of young Black Canadians navigating their education and preparing for the future of work.
According to Statistics Canada data, 94 per cent of young Black students wanted to obtain postsecondary education, but only 60 per cent thought it was a possibility for them. The Future Launch Black Youth Scholarships, part of RBC's Action Plan Against Systemic Racism, will provide $50 million in focused funding to create meaningful and transformative pathways to prosperity for up to 25,000 BIPOC youth by 2025, with investments in areas such as skills development and mentoring.
RBC announces $150,000 donation to support Hurricane Ian relief efforts
TORONTO, Oct. 5, 2022 - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced a donation of $150,000 USD to the American Red Cross in support of people who have been impacted by the devastation of Hurricane Ian. This donation comes from across RBC's U.S. businesses: RBC Capital Markets, RBC Wealth Management, City National Bank, and RBC Bank.
RBC has also initiated an internal donation campaign enabling our employees' ability to support the relief efforts.
In addition, RBC Bank has launched a financial relief program that will provide advice and assistance for impacted RBC Bank clients in the region. Affected clients should visit www.rbcbank.com for more information.
RBC announces 20 RBC Future Launch Indigenous Youth Scholarship recipients for 2022
TORONTO, June 15, 2022 - Today, RBC announced 20 RBC Future Launch Indigenous Youth Scholarship recipients for 2022, helping reduce the barriers to post-secondary education and training for Canadian Indigenous youth.
Currently only 44% of Indigenous youth (age 18-24) have completed high school, compared to 88% for other Canadians1. Access to post-secondary education and training is often limited, creating a negative ripple effect for individuals and their communities, including income ceilings, decreased confidence as well as the risk of this pattern continuing to the next generation.
During the 2021/22 school year Canadian students, enrolled full-time in undergraduate programs, paid 1.7% more than the previous year2 for their education.
"With unprecedented increases in the cost of living and education, we are proud to announce the 2022 cohort of RBC Future Launch Scholarship for Indigenous Youth recipients," said Mark Beckles, Vice-President, Social Impact & Innovation, RBC. "Designed in partnership with RBC Royal Eagles, RBC's Indigenous employee resource group, this scholarship will unlock more specific resources for Indigenous students so they come out of school with less debt and more opportunity."
RBC ranks #1 in Banking Mobile App customer satisfaction among Canadian banks
TORONTO, June 9, 2022 - RBC is proud to be recognized with the J.D. Power Canada award for "Best in Customer Satisfaction" for its mobile banking app. The recognition comes from the J.D. Power 2022 Canadian Banking Mobile App Satisfaction Study which includes feedback from more than 1,500 retail banking customers of Canada's large and midsize banks.
"We're so pleased that our customers continue to share positive feedback about our industry-leading mobile app, especially as the Canadian financial services sector continues its rapid digitization," said Peter Tilton, Chief Digital Officer, Personal & Commercial Banking, RBC. "The past few years have dramatically changed the way Canadians shop, work and bank. The RBC mobile banking app ensures that our clients are empowered with easy, innovative tools that enable them to confidently and safely manage their money."
The J.D. Power study measures overall customer satisfaction through a combination of categories, ranging from Navigation and Speed to Visual Appeal and Information/Content. RBC achieved particularly high scores in Information & Content and Visual Appeal.
