Royal Bank of Canada total assets 2014-2024

The total assets of the Royal Bank of Canada increased notably between 2014 and 2024. In 2024, RBC reported total assets worth approximately 2.1 trillion Canadian dollars, the highest in the observed period. The bank is a key player both in the domestic banking industry and on a global scale.

How big is RBC?

With assets exceeding two trillion Canadian dollars, RBC was the largest bank in Canada in 2023, closely followed by Toronto-Dominion Bank (TD Bank). While Canada has significant financial centers such as Toronto, Montreal, and Vancouver, it is also one of the largest countries in the world. To cover this geography, RBC has a particularly high number of employees for a bank of that size.

Global perspective

Not only is RBC the largest bank in Canada, but its market capitalization makes it one of the largest banks in the world. Its private banking operations are a large driver of its value, with assets under management making it one of the leading private banks as well. These exceptional sizes make RBC a major global player whose reach extends well beyond the Canadian border.