Bank of Montreal (BMO)
The fourth-largest bank of Canada, in terms of total assets acquired, the fourth-largest bank of Canada is the Bank of Montreal. It handles around $976 billion of total assets.
- Headquarters: Montreal, Quebec
- Total Assets: $976 billion
- Founded in 1817, one of the oldest banks in Canada
- Significant presence in the United States
- Provides personal and commercial banking, wealth management, and investment banking services
Top 10 banks in Canada
Canada’s banking system is known to be one of the safest and most stable across the globe. The country’s “Big Five” banks – Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce have come to dominate the market, together holding over 90% of bank assets as of 2023. However, Canada also hosts smaller and more regionally focused banks that continue to play important roles for customers.
In this article, we will look into the list of top 10 banks in Canada. Let’s explore.
Table of Content
- About the Top 10 Banks in Canada
- List of Top 10 Banks in Canada
- 1. Royal Bank of Canada (RBC)
- 2. Toronto-Dominion Bank (TD)
- 3. Bank of Nova Scotia (Scotiabank)
- 4. Bank of Montreal (BMO)
- 5. Canadian Imperial Bank of Commerce (CIBC)
- 6. National Bank of Canada
- 7. Laurentian Bank of Canada
- 8. Canadian Western Bank
- 9. ATB Financial
- 10. Tangerine Bank (Subsidiary of Scotiabank)