NASSAU (THE BAHAMAS) – OCTOBER 30, 2020

Royal Bank of Canada (RY on TSX and NYSE) (“RBC”) today announced that construction is beginning on a new state-of-the-art digitally-enabled branch to serve Marsh Harbour and the communities of the Abacos.

“The effects of Hurricane Dorian are still a reality for many persons in The Bahamas. This is especially true for residents of the Abacos,” said LaSonya Missick, Managing Director and Head of Personal Banking, The Bahamas and TCI. “Our original branch was completely destroyed. Through our innovative Mobile Banking Unit, we quickly restored operations and were open for business. However, this was only ever designed to be a temporary solution. That is why today, I am proud to announce that we will open a new state-of-the-art branch to serve the Abacos.”