Royal Bank of Canada is extending its integrated global financial services throughout Europe and the Asia/Pacific region, including China and India.

“For some time, Canada’s biggest corporations have had access to the global treasury management solutions they need,” explains Jana Henderson, director, RBC Global Solutions. “Now RBC is ensuring that Canadian-based small and commercial businesses can access the same scope and level of service in Europe and Asia/Pacific — and via the same RBC relationship team they know and who knows their business and their industry.”

“Just as understanding a company’s business and industry is critical to adding real value, so is the ability to support their success when their business enters new countries around the world,” adds Henderson.

RBC’s small business and commercial clients currently conduct business in more than 100 countries. While the most business activity continues to be with the U.S. (84%), 15% now involves Europe, nine% involves China, and seven% involves other countries in the Asia/Pacific region. Of the 10% of RBC’s clients who anticipate entering the international arena within the next two years, one-in-five are looking at China, while one-in-seven are planning activity in Europe or the Asia/Pacific.

RBC’s research finds that the four Canadian industry sectors most actively doing business around the world are manufacturing (28%), wholesale (13%), consumer services (10%), and knowledge-based industries (8%.)

To further support the success of its small business and commercial clients, RBC is partnering with Deutsche Bank AG, to leverage its extensive European and Asia/Pacific financial services infrastructure. With RBC as the single point of contact for their international banking needs, Canadian-based companies and their foreign subsidiaries will be able to access a full range of global treasury management solutions for their day-to-day banking, including in-country deposit accounts, payments, collections, and online access.