Royal Bank of Canada to Repurchase up to 45-Million in a Normal-Course Issuer Bid

01:58 PM EDT, 06/10/2026 (MT Newswires) -- Royal Bank of Canada (RY) on Wednesday said the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions (OSFI) approved its normal course issuer bid to buy back and cancel up to 45-million of its shares.

Purchases under the NCIB can start on June 12 and run for 12 months.

"The maximum number of shares that may be repurchased for cancellation represents approximately 3.24% of the 1,389,738,870 common shares issued and outstanding as at May 29, 2026," said the bank.

The bank's previous normal course issuer bid for the repurchase of 35-million shares expires on June 11 and as of closing on May 29, 2026, it repurchased around 19.2-million shares.

In a separate release on Wednesday the bank said its RBC Capital Markets unit, became the first Canadian bank to be granted permission by the Korean Ministry of Economy and Finance to trade Korean Won (KRW) directly in Korea's onshore market as a Registered Foreign Institution (RFI).

"We've long believed that our clients deserve seamless access to every market that matters to them, and Korea's markets present a significant opportunity," said Haider Ali, Global Head of FX Trading, RBC Capital Markets. "This reflects our strategic commitment to emerging market expansion, with Asia-Pacific and KRW capabilities serving as a key pillar of our growth. It's the result of years of coordinated global efforts and demonstrates our genuine commitment to making international investing better for our clients."

Royal Bank of Canada's (RY) shares were last seen up $1.21 to $277.22 on the Toronto Stock Exchange.

Price: 276.85, Change: +0.84, Percent Change: +0.30

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