Incorporated in the Cayman Islands in 1972, Royal Bank of Canada (RBC) provides offshore banking and wealth management services to Cayman residents and international clients.
Royal Bank of Canada has Category B banking license number 580974 issued by the Cayman Islands Monetary Authority. This type of license allows Royal Bank of Canada to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Royal Bank of Canada failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Royal Bank of Canada failure its depositors will not be paid out any compensation.
Royal Bank of Canada operates under the brand of the same name (Royal Bank of Canada) which has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Royal Bank of Canada brand name has been recently closed down: