RBC's Ambitious International Growth Targets

The Royal Bank of Canada (RBC) plans to increase its global markets market share to over 2.5% and global investment banking market share to over 2.75% in the medium-term. RBC recognizes transaction banking in the United States as a significant growth market, offering promising opportunities.

The Royal Bank of Canada (RBC) is setting ambitious goals for its global and investment banking market shares as part of its medium-term strategy. RBC aims to push its global markets market share beyond 2.5%, a marked increase from the 2.1% expected in 2024. Concurrently, the bank targets a global investment banking market share of more than 2.75%, surpassing the 2.3% projected for the same year.

One of the critical areas identified by RBC for growth is transaction banking in the United States. The bank considers this sector a "large and attractive" market, ripe for exploitation and expansion.

These ambitious targets are indicative of RBC's strategic focus on expanding its international footprint and enhancing its global competitiveness in the financial sector.

(With inputs from agencies.)