RNS Number:1498E
Royal Bank of Canada
24 May 2001


             ROYAL BANK OF CANADA ANNOUNCES APPOINTMENT OF DIRECTOR

TORONTO, May 23, 2001 - Royal Bank of Canada announced today the appointment of
W. Geoffrey Beattie to its Board of Directors.  Mr. Beattie is president of The
Woodbridge Company Limited, headquartered in Toronto, Ontario and deputy chair
and director of The Thomson Corporation.

Royal Bank of Canada (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 54,000 people who serve 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:
Chethan Lakshman, Media Relations (416) 974-5506
Royal Bank Can (LSE:RBC)
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