Canada's Top 10 Banks Based on Assets

The top 10 Canadian banks based on assets held as of Dec. 2008 are listed below:

S.No.	Bank	Total Assets as of Dec, 2008 (in US $ Millions)
1	Royal Bank of Canada	595,034
2	Toronto Dominion Bank	462,979
3	Bank of Nova Scotia	417,283
4	Bank of Montreal	342,006
5	Canadian Imperial Bank of Commerce	290,941
6	Canada Mortgage and Housing Corp	166,187
7	Caisse de depot et de placement	152,601
8	Desjardins Group	124,366
9	National Bank of Canada	106,315
10	Maple Financial Group Inc	59,687

Source: BankScope

The largest Canadian bank based on assets is the Royal Bank of Canada (RY), which is also the most profitable among the big five banks. The second and third largest banks are TD Bank(TD) and Bank of Nova Scotia(BNS) respectively.

Canada Mortgage and Housing Corp(CMHC) is Canada’s housing agency that provides mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. Montreal-based National Bank of Canada trades on the TSX with the ticker NA. Desjardins Group is the country’s largest financial cooperative group.

Comments

[RAPROX:]

so what?

Nov 16 12:06 PM