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RBC is committed to earning the trust and business of Canada’s Aboriginal Peoples by providing innovative products and services that are relevant to their needs, and supporting programs that enhance economic and community well-being, including donations of $300,000 in support of Aboriginal community initiatives in 2003. Financial services and support RBC was one of the first banks to open a full-service branch in a First Nation community. There are now seven full-service branches in addition to three RBC agency outlets staffed by First Nations people, utilizing RBC technology, support and training. RBC also has one branch in each of the three regions of Nunavut. RBC is the only major financial institution to have established a national First Nations’ Advisory Service for Aboriginal communities to assist them in managing investments, trusts and land claim settlements. Our specialized lending program allows First Nations members to purchase houses on-reserve, outside the Canada Mortgage and Housing Corporation (CMHC) program and without Ministerial guarantees. More than half of the Aboriginal population in Canada lives in urban centres. To support their unique needs, RBC provides a broad range of initiatives in partnership with the National Association of Friendship Centres, representing more than 120 centres across the country, which are the hub of the urban Aboriginal population. We regularly sponsor urban initiatives that increase economic opportunities, including the Aboriginal Peoples Television Network’s Venturing Forth series, the Council for the Advancement of Native Development Officers (CANDO), First Peoples Business Association in Quebec and the Aboriginal Financial Officers’ Association. For more information, visit rbcroyalbank.com/aboriginal Founding sponsor of CESO These projects not only provide economic benefits, but also build bridges of respect and understanding on Aboriginal issues with the MBA students and others involved in the projects. There were six projects underway over the past year, including feasibility studies and marketing plans for a variety of businesses and projects. RBC provides $50,000 to CESO’s Aboriginal Services program to make MBA teams and CEO volunteer advisors more accessible to communities and enterprises by covering out-of-pocket expenses. |
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