Largest Banks in Canada: The world of banks is so immense that we cannot imagine. We discussed the banks of USA and Australia in our recent articles. But there are stimm many banks left to be discussed about which you do not know. For knowing about those banks and editing the bank statement of those banks, stay connected and keep reading.
In this article, let’s talk about the banks in Canada that are ruling the banking world. Canada’s banking sector is among the securest ones in the world. The banking system is so clear and sound for the last six years. The banks in Canada’s has also considered to a chartered bank. The big banks of Canada have almost 10,000 branches with almost 20,000 automated banking machines stretching across the country.
Royal Bank Of Canada
The Royal Bank of Canada has its headquarter in Toronto, Ontario. The Royal Bank is the largest bank in Canada with over 15 million customers and 10,000 employees. The bank has established in 1864 in Halifax, Novia Scotia as a bank that was built to provide financial aid to the fishing and timber industries. The Merchant bank of Halifax was stretched into other Maritime Provinces in the 1870s and 1880s. The bank of Halifax ‘s name have modified to the name, Royal Bank of Canada in 1901.
The bank is executing its operations through a network of 1,200 branches. Moreover, the bank is a subsidiary bank in the US. That is serving more than on e million customers in six states. The Royal Bank of Canada has various branches in 17 Caribbean countries. It has global investment in the Capital Market. The bank is providing banking products to its customers that help them in their financial situations.
Toronto-Dominion Bank
Toronto-Dominion Bank had established in 1955 by the union of the Bank of Toronto. That have established in 1855. And Dominion Bank which have also formed in 1869, with its headquarter at Toronto. It is a multinational bank, serving around 11 million customers. The bank has 1,150 branches. The bank is affiliated with the TD Bank Group. It provides its financial services around the globe. It is the second largest bank in the Canada according to the asset and the 19th largest bank in the world with reference to the market capitalization. The bank has its b ranches in other nations too as it serves in the US as TD Bank serving over 6.5 million customers.
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