RBC to transfer domestic retail, commercial banking operations

Fri, Oct 1st 2010, 11:00 PM

By REUBEN SHEARER

Tribune Staff Reporter

rshearer@tribunemedia.net

ROYAL Bank of Canada's domestic retail and commercial banking operations conducted through its branch network in the Bahamas will be transferred to a wholly-owned subsidiary of the Royal Bank of Canada, which is headquartered in Toronto, named RBC Royal Bank (Bahamas) Limited.

The business will now be operated under the brand name RBC Royal Bank, it was announced this week.

RBC Royal Bank (Bahamas) Limited was incorporated under the laws of the Bahamas and will be licensed by the Central Bank of the Bahamas.

RBC has had a presence in the Bahamas since 1908 and said it is committed to expanding its presence in the ...

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