What is Canadian Banks?
Canadian Banks means a Bank that is designated as a Canadian Bank on Schedule 1 to the Credit Agreement.
Below Are The List Of Canadian Banks In South Africa
Canada’s banking system includes Schedule I banks (domestic banks), Schedule II banks (foreign bank subsidiaries) and Schedule III banks (branches of foreign banks).
With over 280,000 employees, Canadian banks operate through a network of more than 6,300 branches and about 19,000 ATMs across the country.
The total number of Visa and MasterCard cards in circulation in Canada amounted to approximately 70 million in 2017.
Amex Bank of Canada
The issuer of American Express charge and credit cards, with outstanding products like the American Express Gold Rewards Card, the American Express Platinum Card, and the American Express Aero plan Plus Gold Card.
Bank of America (Canada Branch)
provides financial products and services to corporate, institutional and commercial customers throughout Canada.
Bank of Canada
The central bank of Canada established in March 1935. It is not a commercial bank and does 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 assets and deposits. BMO serves over 12 million customers through offices in Canada, the U.S. and other countries. Founded in 1817, it is the oldest bank in Canada. BMO Wealth Management was named Best Wealth Management in Canada by Global Banking and Finance Review.
Bank of Nova Scotia
Canada’s third largest lender by deposits, assets and market value. As of May 10, 2018, Scotiabank had a market capitalization of US$75 billion.
Bank West was Canadian chartered bank with a specific focus on the western provinces. It operated as a subsidiary of Western Financial Group. In 2011, Western Financial Group was acquired by the Desjardins Group.
B2B Bank is a Schedule I Canadian bank which serves a network of some 27,000 independent financial advisors and mortgage brokers across Canada. It has over $11 billion in total assets.
Bridgewater Bank
A Canadian Schedule I chartered bank with a portfolio of approximately $3.0 billion. It offers mortgages, credit cards and deposits. Bridgewater is a wholly owned subsidiary of the Alberta Motor Association, one of the largest affiliates of CAA (Canadian Automobile Association) and AAA (American Automobile Association) in North America.
Business Development Bank of Canada is the only bank exclusively dedicated to entrepreneurs. BDC provides business loans, venture capital and consulting services through a network of about 120 business centers across the country.
Canadian Imperial Bank of Commerce (CIBC)
One of the top five banks in Canada. It provides a complete range of financial products and services through over 1,080 branches and offices and 3,800 ATMs across Canada. It was named Best Treasury & Cash Management Bank in Canada by Global Finance. As of December 1, 2017, CIBC had a market capitalization of US$42 billion.
Canadian Tire Bank (CTB)
A subsidiary of Canadian Tire Corporation Limited. CTB offers savings accounts, credit cards and online banking services. Canadian Tire is one of the ten largest credit card issuers in Canada.
Canadian Western Bank
A Schedule I chartered bank with headquarters in Edmonton, Alberta and principal operations in the four western provinces of Canada. The branch network consists of 17 branches in Alberta, 18 branches in British Columbia, 4 branches in Saskatchewan and 2 in Manitoba. As of January 31, 2017, it had total assets of over C$25 billion.
How many Canadian banks are there?
Overview of Banks in Canada. Banks in Canada include 29 domestic banks, 24 foreign bank subsidiaries, 27 full-service foreign bank branches, and three foreign bank lending branches.