TORONTO, March 7 (Reuters) - Royal Bank of Canada ( RY )

set a total compensation of C$17 million ($12.6 million)

for CEO Dave McKay for 2024, 13% more than last year, the

country's biggest lender disclosed in a circular on Thursday.

RBC said the board took into consideration that McKay is one

of the longest tenured CEOs among the bank's Canadian and U.S.

peers "with a proven track record of sustained performance."

McKay's total compensation for 2023 was $15.22 million, flat

compared with 2022.

($1 = 1.3457 Canadian dollars)