Royal Bank Of Canada Closes Sale Of Jamaican Banking Operations - Quick Facts

(RTTNews) - Royal Bank of Canada (RY, RY.TO) said Friday it has completed the announced sale of RBC Royal Bank (Jamaica) Ltd and RBTT Securities Jamaica Ltd (collectively "RBC Jamaica") to Sagicor Group Jamaica Ltd.

Royal Bank of Canada said it will record a further loss on sale of its operations of about C$37 million before and after tax, which includes an unrealized loss on foreign currency translation (C$45 million as at April 30, 2014).

The net loss is subject to change and will be reflected in the results for the third quarter ending July 31. RBC will release its third quarter 2014 results on August 22.