The bank with the highest return on common equity (ROE) of the five largest Canadian banks in 2023 was the Royal Bank of Canada (RBC). RNC reported an annual ROE of 14.2 percent. It was followed by the Bank of Nova Scotia (Scotiabank), with a ROE of 13 percent. RBC also reported the highest income in 2023, with total net income reaching almost 15 billion Canadian dollars.
Return on equity (ROE) of the largest banks in Canada in 2023
This statistic has been compiled by Statista using the annual report of each bank. The selection of banks are based on a ranking of the largest banks in Canada by total assets.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (January 12, 2024). Return on equity (ROE) of the largest banks in Canada in 2023 [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/
Statista. "Return on equity (ROE) of the largest banks in Canada in 2023." Chart. January 12, 2024. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/
Statista. (2024). Return on equity (ROE) of the largest banks in Canada in 2023. Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/
Statista. "Return on Equity (Roe) of The Largest Banks in Canada in 2023." Statista, Statista Inc., 12 Jan 2024, https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/
Statista, Return on equity (ROE) of the largest banks in Canada in 2023 Statista, https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/ (last visited January 05, 2025)
Return on equity (ROE) of the largest banks in Canada in 2023 [Graph], Statista, January 12, 2024. [Online]. Available: https://www.statista.com/statistics/461491/return-on-equity-of-canadian-banks/
