Complete List of Canadian and Foreign Banks Main Offices Working in Canada
Overview
Banks play a key role in Canada’s financial system and economic development. The banking industry includes 13 domestic banks, 34 foreign bank subsidiaries and 11 foreign bank branches regulated by CIBC operating in Canada. In total, these institutions manage over $1.6 trillion in assets. Moreover, in the banking industry there are federally regulated deposit-taking institutions working in the Canada are trust companies (Royal Trust), loan companies (Scotia Mortgage Corporation) and cooperative credit associations (Credit Union Central of Alberta). Note that most trust and loan companies are in fact owned by or affiliated very closely with the so-called “Big 5” major banks.
In addition, there are over 600 affiliated credit unions and caisses populaires in Canada, who collectively manage $69 billion and have 1,800 locations and 4.6 million members as of the first quarter of 2003. There are also an estimated 5,000 plus mortgage brokers doing business in Canada.
As the figures above shown, there are in fact literally thousands of options when it comes to borrowing money. As a borrower and a consumer you have an ideal and a competative market to shop around for your need and with so many options out there, how can you possibly know where to start without getting lost along the way? This is where eLoanCanada! an informed choice about which loan is best suited for you!
Annex 1*
Banks registered to do business in Canada (under the previous regulatory framework)
Schedule I Banks (Main Offices)
Schedule II Banks (Main Offices)
5. Bank of China (Canada)
8. Bank One Canada
9. Banque Nationale de Paris (Canada)
10. Chase Manhattan Bank of Canada (The)
13. Comerica Bank – Canada
14. Credit Suisse First Boston Canada
16. CTC Bank of Canada
17. Deutsche Bank Canada
18. Dresdner Bank Canada
20. Habib Canadian Bank
21. Hanvit Bank Canada
24. International Commercial Bank of Cathay (Canada)
25. J.P. Morgan Canada
26. Korea Exchange Bank of Canada
29. Mizuho Bank
30. National Bank of Greece (Canada)
32. Rabobank Canada
33. Société Générale (Canada)
34. Sottomayor Bank Canada
36. The Sumitomo Bank of Canada - Sumitomo Mitsui Banking Corporation of Canada
38. UFJBank Canada
39. United Overseas Bank (Canada)
Foreign Bank Branches (Full-Service)
1. Bank One, NA
3. Capital One Bank (Canada Branch)
4. Chase Manhattan Bank (The)
5. Deutsche Bank AG
7. Mellon Bank, N.A.
8. Morgan Guaranty Trust Company of New York
9. Rabobank Nederland
10. State Street
11. U.S. Bank National Association
Foreign Bank Branches (Lending)
1. National City
(* As of August 2001 and ** Domestic Schedule II banks. Plz note - The 13 domestic banks include the Schedule I banks and the Schedule II banks marked with **)
Annex 2
The six largest banks by assets (October 31, 2000)
(Assets in $ billions) Last Updated: 2005
