01:32 PM EDT, 05/28/2024 (MT Newswires) -- Royal Bank of Canada ( RY ) on Tuesday said it launched a Truth and Reconciliation Office under a new Indigenous banking banner, RBC Origins, which it says makes it the first major bank in Canada to do so. RBC Origins brings together the Truth and Reconciliation Office with the Indigenous Banking strategy team.

One of the office's priorities is to develop a Reconciliation Action Plan, in response to the Truth and Reconciliation Commission of Canada's Call to Action 92, the statement said. This Call to Action includes an appeal for organizations to commit to meaningful consultations, building respectful relationships and obtaining free and prior informed consent before proceeding with an economic development project

Chinyere Eni has been appointed the head of RBC Origins. She is a member of Little Pine First Nation in Saskatchewan and a second-generation member of the Igbo tribe in Nigeria.

RBC was the first major financial institution to have a full-service branch in a First Nation community in Canada in 1991.

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