Leading banks in Canada 2023, by assets
With total assets amounting to more than two trillion Canadian dollars, the Royal Bank of Canada (RBC) was the largest bank in Canada in 2023, closely followed by the Toronto-Dominion Bank (TD Bank). The revenues of these banks increased steadily between 2015 and 2023, indicating a stable and profitable banking industry in the country.
The Canadian Banking industry
Canada is a large, diverse country, and the domestic banks provide several different banking services: retail banking, investment banking, corporate banking and private banking. In retail banking, also known as consumer banking, which refers to banking services to individuals and non-corporate customers, RBC received the highest customer satisfaction in 2023, followed by Bank of Montreal.
Canadian banks from a global perspective
The two largest Canadian banks - RBC and TD Bank - were not only the largest banks in Canada but were also among the largest banks in the world, following a range of U.S. and China-based banks. In 2023, the largest bank in the world by market capitalization was JPMorgan Chase.
The Canadian Banking industry
Canada is a large, diverse country, and the domestic banks provide several different banking services: retail banking, investment banking, corporate banking and private banking. In retail banking, also known as consumer banking, which refers to banking services to individuals and non-corporate customers, RBC received the highest customer satisfaction in 2023, followed by Bank of Montreal.
Canadian banks from a global perspective
The two largest Canadian banks - RBC and TD Bank - were not only the largest banks in Canada but were also among the largest banks in the world, following a range of U.S. and China-based banks. In 2023, the largest bank in the world by market capitalization was JPMorgan Chase.
