Royal Bank of Canada today reported that its third-quarter profit rose 32%.

Canada’s biggest bank said net income rose to $979 million, or $1.48 a share, in the three months ended July 31, from $743 million, or $1.12 per share, in the year before quarter.

“Our Canadian Personal and Business and Global Capital Markets segments generated very strong earnings growth of 31% and 33%, respectively. Our U.S. and International Personal and Business segment’s earnings, based on U.S. dollars, increased 8% and were up 27% excluding a tax provision related to the disposition of RBC Mortgage Company. This performance reflects our continued focus on improving our U.S. and International segment’s results,” said Gordon Nixon, president & CEO, in a release.

The bank said total revenues from continuing operations increased $430 million or 10% from a year ago, largely reflecting strong growth in revenues from the Canadian Personal and Business segment where loan and deposit volumes rose and revenues from insurance and investment management businesses all increased substantially.

In addition, revenues from underwriting activities in the Global Capital Markets segment were higher. The 10% revenue growth was achieved despite a $125 million reduction in total revenues due to the strengthening of the Canadian dollar versus the U.S. dollar.

Loan loss provisions, money set aside for bad loans, rose slightly to $128 million in the quarter from $125 million for the same time one year earlier.

Return on equity climbed to 20% from 16.1%.

The bank raised its quarterly dividend to 64¢ from 61¢.