With roots in the Caribbean for more than 100 years, RBTT is an RBC Company and one of the leading banking and financial services Groups in the Caribbean comprising more than 34 companies.

The RBTT Financial Group has one of the largest networks of financial organisations in the region. This includes the leading Merchant Bank, with a representative office in Costa Rica; one of the largest trust and asset management companies and stock-broking firms; an offshore bank; and 10 licensed commercial banks – with operations in Trinidad and Tobago, the Eastern Caribbean, Jamaica, Barbados, the Netherlands Antilles, Aruba and Suriname.

Through its many subsidiaries, RBTT provides a comprehensive range of financial services, facilities and solutions relevant to the needs of individuals, small businesses, general commercial entities, regional and multinational corporations, as well as governments. These services include investment and merchant banking, securities trading, stock-broking, insurance, mutual funds, project development and financing, credit cards, electronic banking, asset management, trustee services and wealth management services.

For the financial year ended March 31, 2008, RBTT generated after tax profits of US$148 million on an asset base of US$ 8.5 billion.

On June 16, 2008, Royal Bank of Canada (RBC) completed its acquisition of RBTT Financial Holdings Limited. The historic transaction created one of the most expansive banking networks in the Caribbean, giving the combined organisation a presence in 18 countries and territories across the region. With more than US$13.7 billion in assets, RBTT and RBC Caribbean operate 130 branches across the Caribbean, with 7,000 employees serving more than 1.6 million clients.

Following the transaction, Fitch Ratings upgraded the Group’s rating to A+.