Top 10 Banks in Canada
Which bank is the largest in Canada by assets?
Royal Bank of Canada is the largest bank in Canada with over $2 trillion in total assets as of fiscal 2022.
How many banks make up the “Big Five” Canadian banks?
Five – RBC, TD Canada Trust, Scotiabank, BMO, and CIBC. Together they control over 90% of bank assets.
Which bank has the most international presence?
Scotiabank operates in over 50 countries to have the widest international footprint of any Canadian bank.
Which bank is strongest in Quebec?
National Bank, headquartered in Montreal, generates over 70% of revenues inside Quebec through personal, commercial, and investment banking.
Are there only national banks or regional ones too?
Canadian Western Bank and Laurentian Bank have more regional focuses in western Canada and Quebec respectively as smaller Schedule 1 banks.
Have digital banks disrupted Canada’s banking industry?
While new digital banks are emerging, Canada’s established banks continue to dominate with stability across personal, business, investment banking, and wealth management products.
Top 10 banks in Canada
Canada’s banking system is known to be one of the safest and most stable across the globe. The country’s “Big Five” banks – Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce have come to dominate the market, together holding over 90% of bank assets as of 2023. However, Canada also hosts smaller and more regionally focused banks that continue to play important roles for customers.
In this article, we will look into the list of top 10 banks in Canada. Let’s explore.
Table of Content
- About the Top 10 Banks in Canada
- List of Top 10 Banks in Canada
- 1. Royal Bank of Canada (RBC)
- 2. Toronto-Dominion Bank (TD)
- 3. Bank of Nova Scotia (Scotiabank)
- 4. Bank of Montreal (BMO)
- 5. Canadian Imperial Bank of Commerce (CIBC)
- 6. National Bank of Canada
- 7. Laurentian Bank of Canada
- 8. Canadian Western Bank
- 9. ATB Financial
- 10. Tangerine Bank (Subsidiary of Scotiabank)