Port-of-Spain, Trinidad, Friday July 11, 2014: RBC continues its fight against pediatric cancer in the Caribbean through a new partnership with The Trinidad and Tobago Cancer Society (TTCS).

The bank signed a Memorandum of Understanding with the non-profit organization on Thursday that will see the TTCS administering the RBC/RBTT Caribbean Children’s Cancer Fund.

Suresh Sookoo, CEO, Caribbean Banking, RBC presented a cheque in the amount of US $775,000 (TT $5 million) to Dr. George Laquis of the TTCS. This represents RBC’s fifth and final commitment of US $200,000 (TT $1.2 million) to the Fund and US $575,000 which represents the proceeds of various employee fundraising activities and generous donations from the Fund’s well wishers.

The fund was established in 2009 to assist cancer patients, who are sixteen years of age and under, in any region in the Caribbean where RBC and RBTT operate. Since its inception RBC has committed US $200,000 annually to the fund, which is accessible to children in 18 countries in the Caribbean.

Over the years the fund has made treatment possible for 35 children from Grenada, Jamaica, the Bahamas, Dominica and Trinidad and Tobago, and 78 pathology tests have been funded to aid in diagnoses.

For more than 40 years, the TTCS has worked to increase the public’s awareness and knowledge about cancer and championed the need for early detection and preventative measures to reduce the incidence of cancer through education and advocacy.

Suresh Sookoo believes this partnership will be vital to providing the kind of quality care so many children throughout the Caribbean need.

“Cancer is the number one disease killer among children, surpassing that of asthma, diabetes and pediatric AIDS combined. While some forms of childhood cancer have proven to be resistant to treatment, approximately 75 per cent of the children diagnosed with cancer can be cured,” Sookoo said.

“However diagnosis often comes too late after the cancer is at an advanced stage. We are hoping that with this partnership with The Trinidad and Tobago Cancer Society that we can provide more opportunities for early diagnosis and treatment and help save the lives of children throughout the Caribbean.”

Chairman Emeritus of the Cancer Society, Dr. George Laquis agrees that this partnership is imperative, “I have continuously reiterated the call for the establishment of a National and Regional Cancer Control Programme to comprehensively tackle this disease. Working together with RBC/RBTT we can finally have a holistic approach to childhood cancers which includes not only early detection and treatment but promoting lifestyle changes and providing psychological support for children and their families.”

“The reality throughout the Caribbean is that parents find themselves financially unprepared to deal with their child being diagnosed with cancer. As a result, they are unable to attain the appropriate medical attention required due to cost”.

He is urging parents and or guardians of children sixteen years and under who have been diagnosed and reside in countries where RBC/RBTT operates to apply online at rbcroyalbank.com/caribbean/give-hope-save-lives.

Chairman of the Society, Dr. Jacqueline Sabga also expressed her gratitude on behalf of the Society, “We sincerely thank RBC/RBTT for placing their confidence in The Trinidad and Tobago Cancer Society. We are both privileged and honored to be the administrator of the Caribbean Children’s Cancer Fund. This initiative will not only help to save the lives of children in our region, it will also provide a glimmer of hope for their parents as diagnosis and treatment can now become a reality.”

PHOTO CAPTION: Suresh Sookoo, CEO, Caribbean Banking, RBC (second from right) presents the cheque to Dr. George Laquis (third from left), Dr. Jackie Sabga, Chairman and Ms. Nicole Jordan, General Manager (left) of the Trinidad & Tobago Cancer Society, while Darryl White, Managing Director, (third from left) and Jesus Pazos, Market Head, Business Banking (right) of RBC Royal Bank (Trinidad & Tobago) look on.

About RBC in the Caribbean

With more than 100 years of heritage serving the region, RBC operates under the banner of RBC and RBTT with a presence in 18 countries, 100 combined branches, and over 5,500 employees serving more than one million clients. As one of the Caribbean’s leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance and trust and asset management services to a wide range of clients, including individuals, small businesses, general commercial entities, regional and multi-national corporations and governments. For more information, please visit rbc.com/caribbean.

About RBC

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada’s largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full and part-time employees who serve close to 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. For more information, please visit rbc.com.