RNS Number:8392G
Royal Bank of Canada
12 July 2001



          ROYAL BANK OF CANADA ANNOUNCES APPOINTMENT OF DIRECTOR

TORONTO, July 11, 2001 - Royal Bank of Canada announced today the appointment of
Cecil W. Sewell, Jr. to its Board of Directors. Mr. Sewell is Chairman Emeritus
of RBC Centura Banks, Inc. headquartered in Rocky Mount, North Carolina. Prior
to the acquisition of Centura Banks, Inc. by Royal Bank of Canada on June 5,
2001, Mr. Sewell served as the Chief Executive Officer of Centura Banks and its
parent company Centura Banks, Inc.

Royal Bank of Canada (TSE: RY, NYSE: RY) is a diversified financial services
company. It provides personal and commercial banking, wealth management
services, insurance, corporate and investment banking, and transaction
processing on a global basis. The company employs more than 57,000 people who
serve more than 10 million personal, business and public sector customers in
North America and in some 30 countries around the world. For more information,
please visit www.royalbank.com

For further information, please contact:
Beja Rodeck, Media Relations, (416) 974-5506
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