Banks in Canada


Bank of Canada	BMO	CIBC	RBC	Scotiabank	TD Bank

Bank of Canada – The central bank of Canada, established on July 3, 1934. It is not a commercial bank and do not offer banking services to the public. Since 1998, the Bank's policy has been to intervene in the foreign exchange market only under exceptional circumstances.
Bank of Montreal (BMO) – The fourth largest bank in Canada in terms of deposits. BMO serves over 11 million customers through offices in Canada, the US and other countries. Founded in 1817, it is the oldest bank in Canada.
Bank of Nova Scotia (Scotiabank) – Scotiabank was founded in 1832 and today is the third largest bank in Canada by deposits and market capitalization.
Business Development Bank of Canada (BDC) – A financial institution owned by the Government of Canada. It focuses on SMEs in sectors such as manufacturing, exporting, innovation and knowledge-based industries. BDC's services are available across Canada in both official languages through a network of more than 100 offices.
Canadian Imperial Bank of Commerce (CIBC) – One of the top five banks in Canada. It provides a wide range of consumer and business financial services through over 1,000 offices across Canada.
Canadian Western Bank – The largest Schedule I chartered bank with headquarters in Edmonton and principal operations in Western Canada.
Citibank Canada – A subsidiary of Citigroup Inc., an American multinational financial services company headquartered in New York City. Citibank Canada was established in 1954 and serves over 6 million retail and corporate customers through the offices in Montreal, Calgary, London, Ontario and Vancouver. Over 5,000 employees are located in every province and the Yukon. Citi Cards Canada is the leading credit services company in the country.
Citizens Bank of Canada – A virtual bank owned by Vancity Credit Union. From 1997 until 2009, Citizens Bank offered retail and business banking services through the internet. In 2009, Citizens Bank announced that it will focus its operations on Visa card services, and foreign exchange services for non-retail members.
HSBC Bank Canada – A subsidiary of HSBC Holdings, UK. HSBC Canada is the seventh largest bank in Canada, with offices in every province except Prince Edward Island. It is also the largest foreign-owned bank in the country. The corporate headquarters is located in the financial district of Vancouver, British Columbia.
ING Direct Canada commenced operations in April 1997. ING DIRECT Spain and Australia opened in 1999, followed by France and the United States in 2000. Canada became the first profitable ING DIRECT in 2001, and that continues today. As of December 2011, ING DIRECT Canada had nearly 1.8 million clients and over $38 billion in assets.
Laurentian Bank of Canada – A Schedule I Canadian chartered bank operating through a network of 156 branches and 408 ATMs located primarily in Quebec. It also has 1 branch in Ottawa. The bank provides a wide array of retail and commercial banking services to individuals and small and medium-sized businesses.
National Bank of Canada – NBC is one of the largest banks in Canada and the leading bank in Quebec. It has branches in almost every province in Canada as well as offices in USA, Europe and other parts of the world.
PACE Credit Union offers a wide range of financial services to its members and operates as a financial co-operative. Membership is open to all residents, businesses, and non-profit organizations in the province of Ontario.
President`s Choice Financial – A banking service provided by Loblaw Companies. It was ranked by J.D. Power and Associates as having the highest customer satisfaction among mid-size Canadian banks. PC Financial does not offer business banking services.
Royal Bank of Canada (RBC)
TD Canada Trust – A business line of Toronto-Dominion Bank.
Toronto Dominion Bank – TD is the second largest bank in Canada by market capitalization and deposits and the 6th largest bank in North America.
Vancity Credit Union (also known as VanCity), located in Vancouver, is Canada’s largest credit union, with over 400,000 members, and $14.5 billion in assets (2009).