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Bank of the Year AwardsSeptember 2 2003

Canada

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RBC Financial Group

After finishing as the runner-up last year, RBC Financial Group has taken the crown this year by faring well in a tough environment for the country’s banks. In 2002, it increased net profit by 19% and assets by 5%. Although its ROE was unchanged at 16.6%, its cost-to-income ratio improved marginally to 65%.

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