TORONTO, March 14, 2025 /CNW/ - RBC's 2024 Public Accountability Statement is now available at rbc.com/esgreporting. In accordance with Canadian federal regulations, this document outlines our contribution to the economy and society in Canada, which are key measures supporting RBC's Purpose to help clients thrive and communities prosper.

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 98,000+ 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 more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

TORONTO, March 12, 2025 /CNW/ - RBC Royal Bank is decreasing its prime rate by 25 basis points from 5.20 per cent per cent to 4.95 per cent per cent, effective March 13, 2025.

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 98,000+ 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 more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

TORONTO, March 10, 2025 /CNW/ - A majority of Quebecers are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents in Quebec (96%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (88%) noting a rise in scam attempts more than ever before (up from 71% in 2023).

TORONTO, March 10, 2025 /CNW/ - A majority of Canadians are feeling 'fraud fatigue' and increasingly vulnerable as fraud becomes more personalized. According to RBC's annual Fraud Prevention Month Poll, almost all respondents (98%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (89%) noting a rise in scam attempts more than ever before (up from 77% in 2023).

TORONTO, March 6, 2025 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced it has filed its notice of annual and special meeting of common shareholders and management proxy circular for 2025 with securities regulators.

The circular contains information about RBC's annual and special meeting, which is scheduled to occur on April 10, 2025, including (i) the election of directors, (ii) the appointment of the bank's auditor, (iii) the approval of certain amendments to the bank's stock option plan and (iv) approval of an amendment to by-law two regarding increasing the maximum aggregate board compensation amount. ‎It also contains a detailed description of the board's assessment of the performance of RBC named executive officers for fiscal 2024 and related compensation decisions.

TORONTO, Feb. 27, 2025 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1.48 per share, payable on or after May 23, 2025, to common shareholders of record at the close of business on April 24, 2025.

The board also declared dividends for the following Non-Cumulative First Preferred Shares, payable on or after May 23, 2025, to shareholders of record at the close of business on April 24, 2025.

All amounts are in Canadian dollars and are based on financial statements presented in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q1 2025 Report to Shareholders and Supplementary Financial Information are available at http://www.rbc.com/investorrelations and on https://www.sedarplus.com/.

Net income$5.1 BillionUp 43% YoY 

Diluted EPS1$3.54Up 42% YoY

 Total PCL1$1,050 MillionPCL on loans ratio1up 7 bps1 QoQ

 ROE116.8%Up 370 bps YoY

 CET1 ratio213.2%Above regulatory requirements

 Adjusted net income3$5.3 BillionUp 29% YoY

 Adjusted diluted EPS3$3.62Up 27% YoY

 Total ACL1$6.9 BillionACL on loans ratio1up 4 bps QoQ

 Adjusted ROE317.2%Up 230 bps YoY 

 LCR4128%Unchanged from 128% last quarter

TORONTO, Feb. 25, 2025 /CNW/ - Canada's agricultural sector is poised to lead a new era of trade diversification, but only if it acts decisively. A new RBC Thought Leadership report, Food First: How Agriculture Can Lead a New Era for Canadian Exports, outlines a plan to expand Canada's global market share by 30% and drive $44 billion in new agri-food exports by 2035.

"This research highlights a critical moment for Canada's agri-food sector. While Canada's agricultural exports have quadrupled in value since 2000, its global market share has shrunk by 12% as competitors like Brazil and Australia expand into high-growth regions. With rising trade uncertainty and escalating tariffs in North America, Canada must accelerate efforts to diversify its trading partners, particularly in Southeast Asia, Africa, and the Middle East," states Lisa Ashton, Agriculture Policy Lead, RBC Thought Leadership and author of the report.

TORONTO, Feb. 25, 2025 /CNW/ - Dave McKay, President and Chief Executive Officer of Royal Bank of Canada (TSX: RY) (NYSE: RY) will be participating in a fireside chat with Derek Neldner, CEO and Group Head, RBC Capital Markets, taking place in New York from 8:00 a.m. to 8:35 a.m. on March 4, 2025 (EST).

A link to the live audio webcast will be available on RBC's website at http://www.rbc.com/investorrelations/events-presentations.html on March 4, 2025. The webcast will be archived for three months.

MINNEAPOLIS, Feb. 25, 2025 /PRNewswire/ - Global institutional investors are feeling bullish about the return potential from fixed income hedge funds, according to research commissioned by RBC Global Asset Management. The report revealed that nearly two-thirds of global institutional investors (63%) expect annual returns of 10% or higher from fixed income hedge funds.

However, in contrast to investors' expectations looking forward, fewer than half (47%) of fixed income hedge fund investors surveyed reported having earned double-digit returns. Fifty-two percent of investors said their annual fixed income hedge fund performance ranged between 5-9%.

TORONTO, Feb. 14, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced January mutual fund net sales of $2.5 billion. Long-term funds had net sales of $1.9 billion and money market funds had net sales of $568 million. Mutual fund assets under management increased by 3.1 per cent.

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only includes Canadian prospectus qualified mutual funds.

TORONTO, Feb. 10, 2025 /CNW/ - Royal Bank of Canada (RBC) and Carbonhound, an automated greenhouse gas emissions reporting platform, today announced a collaboration to help Canadian businesses measure, verify, and manage their carbon emissions. This collaboration aligns with RBC's strategy to support clients in their transition to a low-carbon economy.

As regulatory requirements and stakeholder expectations surrounding environmental and social sustainability intensify, Canadian businesses face increased demands to accurately report their carbon emissions and the environmental, social, and governance risks within their value chains. Collecting and analyzing emissions data can also provide organizations with valuable insights to help manage their environmental impact, drive efficiencies, and achieve cost savings. Designed for businesses of all sizes and industries, Carbonhound's platform offers intuitive tools intended to simplify carbon tracking and reporting processes.

The no annual fee More Rewards RBC Visa and More Rewards RBC Visa Infinite cards will accelerate grocery value and offer exclusive everyday savings to customers in Western Canada

VANCOUVER, BC, Feb. 5, 2025 /CNW/ - Today, RBC and Pattison Food Group (PFG) announced the launch of two new credit cards: More Rewards RBC Visa and More Rewards RBC Visa Infinite. Cardholders who hold either of the no annual fee cards will earn points through More Rewards, one of Western Canada's leading loyalty programs from Canada's largest Western-based provider of food and health products.

TORONTO, Jan. 31, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced January 2025 cash distributions for unitholders of ETF Series of RBC Funds, as follows:

FUND NAME

FUND TICKER

CASH DISTRIBUTION PER UNIT

RBC Canadian Equity Income Fund - ETF Series

RCEI

$0.062

Unitholders of record on February 07, 2025, will receive distributions payable on February 14, 2025.

TORONTO, Jan. 29, 2025 /CNW/ - RBC Royal Bank is decreasing its prime rate by 25 basis points from 5.45 per cent to 5.20 per cent, effective January 30, 2025.

About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ 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 more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

TORONTO, Jan. 23, 2025 /CNW/ - As higher costs continue to erode cash flow, over half (55%) of Canadians are describing themselves as financially paralyzed, with almost half (48%) reporting they can no longer maintain their standard of living and over one quarter (29%) admitting their finances are in a constant state of chaos.

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TORONTO, Jan. 22, 2025 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced an offering of $1.5 billion of non-viability contingent capital (NVCC) subordinated debentures ("the Notes") through its Canadian Medium Term Note Program.

The Notes bear interest at a fixed rate of 4.279 per cent per annum (paid semi-annually) until February 4, 2030 and at Daily Compounded CORRA plus 1.45 per cent thereafter until their maturity on February 4, 2035 (paid quarterly). The expected closing date is January 29, 2025. RBC Capital Markets is acting as lead agent on the issue.

RBC Climate Action Institute releases annual climate action report

TORONTO, Jan. 14, 2025 /CNW/ - Canada can make a significant dent in carbon emissions over the next decade by growing and decarbonizing the country's electricity grids, new research from the RBC Climate Action Institute finds. Decarbonizing Canada's electricity grids would reduce emissions, drive economic benefit, and contribute to energy security. Meanwhile, despite a combination of policy, capital and consumer action driving climate progress over the past five years, the pace of change is slowing. As we approach the 10th anniversary of the 2015 Paris Agreement, different models, and new paradigms for thinking about climate are critical if we are to make real progress.

TORONTO, Jan. 14, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced December 2024 mutual fund net sales of $767 million. Long-term funds had net sales of $658 million and money market funds had net sales of $109 million. Mutual fund assets under management decreased by 1.3 per cent.

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only includes Canadian prospectus qualified mutual funds.

TORONTO, Jan. 9, 2025 /PRNewswire/ - RBC (TSX: RY) (NYSE: RY) today announced it has partnered with Cohere, a leader in security and privacy-focused enterprise AI, to co-develop and securely deploy an enterprise generative AI (genAI) solution optimized for financial services. The platform, called North for Banking, will integrate with RBC's and Cohere's own proprietary foundation models, as well as RBC's internal platforms with the goal to accelerate the development of genAI solutions at RBC securely and efficiently. This collaboration leverages the expertise of each organization to develop more accurate and verifiable models, with a focus on risk and security features to protect companies in the financial services industry.