List of Largest Banks in Canada by Assets

By  Carlson C. , views , updated
Categories: Business Canada Americas
Dataset contains 5 data items (see table below).


Which are the largest banks in Canada by assets ? The "Big Five" Banks of Canada - together, these banks hold a combined US$3.9 trillion in assets.

Compare the largest bank of Canada, Royal Bank of Canada with JP Morgan Chase & Co - the largest in USA by assets

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The above represents only a partial dataset — click here to rank, query and segment all 5 data items on the full dataset.

1. Royal Bank of Canada. The Royal Bank of Canada is the largest bank in Canada and 24th largest in the world by asset, holding close to US$1 trillion in assets. Headquartered in Toronto, Ontario and Montreal, Quebec, the bank serves over 16 million clients and employs 80,000 staff globally.

Compare Royal Bank of Canada with Toronto-Dominion Bank

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2. Toronto-Dominion Bank. At a close second, the Toronto-Dominion Bank (commonly known as TD) holds US$1.026 trillion in assets and is the 25th largest bank by assets globally. Toronto-Dominion Bank and its subsidiaries have over 85,000 employees and over 22 million clients worldwide.

Compare Toronto-Dominion Bank with Scotiabank


3. Scotiabank. The Bank of Nova Scotia, operating as the Scotiabank, is the third largest bank in Canada by deposits and market capitalization. It is also the 42nd largest bank by asset (US$773 billion) globally.

Compare Scotiabank with Wells Fargo & Co. of United States

4. Bank of Montreal. The Bank of Montreal, operating as BMO Financial Group,  is the fourth largest bank in Canada (US$592 billion in assets).

Compare Bank of Montreal with Bank of America

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5. Canadian Imperial Bank of Commerce. The Canadian Imperial Bank of Commerce (or CIBC) is the fifth largest bank in Canada and 59th globally (US$477.6 billion in assets). It was formed through the June 1, 1961, merger of the Canadian Bank of Commerce (founded 1867) and the Imperial Bank of Canada (founded 1873), the largest merger between chartered banks in Canadian history.

Compare CIBC with U.S. Bancorp

In 2018, Royal Bank of Canada is the 24th largest bank by total assets in the world.

Find out more about the world's largest banks by total assets:

1. The largest banks in the world

2. JP Morgan Chase & the largest banks in USA

3. Royal Bank of Canada & the largest banks in Canada

4. HSBC Holdings & the largest banks in Europe

5. ICBC & the largest banks in Asia.