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RBC JOINS IBOS INTERNATIONAL BANKING NETWORK

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Royal Bank of Canada (RBC) has joined the IBOS international banking network to access the wide range of cross-border and local banking services, in support of its Canadian client base who are expanding their business globally. Canada is also a destination country for investment by clients of several other IBOS partner banks and RBC has been able to field those referrals, opening accounts and related services for customers who are often new to the Canadian environment.

RBC JOINS IBOS INTERNATIONAL BANKING NETWORK 5

“RBC is known for its leading edge Global Banking Service that provides value to our customers who require banking services outside of Canada however, the ever increasing complexity of regulatory compliance can make banking abroad a major challenge. We would not be successful in delivering our services without IBOS,” Mary Ellen Brown, vice-president, Business Deposits and Trade Services, RBC. “IBOS is integral for how we deliver our services, offering our clients access to a broad group of financial institutions that share similar goals to help them with their banking needs. We are equally delighted to accept in Canada the clients of other IBOS member banks.”

Bob Lyddon, General Secretary of IBOS, said: “It is great to have a bank of the quality and international credentials of RBC join the Association, and with excellent on-the-ground coverage and local services in Canada. RBC has come with a fresh pair of eyes and made many positive suggestions as to how to move IBOS forward. We look forward to an excellent working relationship for many years to come.”

RBC JOINS IBOS INTERNATIONAL BANKING NETWORK 6

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