Geographic Distribution of Big 6 Banks' Deposits

August 6, 2024
Geographic Distribution of Big 6 Banks' Deposits

🌎 Geographic Distribution of the Big 6 Canadian Banks' $5.7 Trillion Total Deposits (Q2 2024)

🔹70.7% in Canada

🔹21.8% in the U.S.

🔹7.5% other regions

Canadian banks have an impressive presence in many countries. 👏

🏦 Ranks Based on Total Assets:

🔹Global Rank: RBC is 24th, TD is 28th, Scotiabank is 37th, BMO is 38th, and CIBC is 49th.

🔹U.S.: TD ranks 11th and BMO ranks 15th.

🔹Mexico: Scotiabank Inverlat ranks 5th.

🔹Colombia: Scotiabank Colpatria ranks 5-6th*.

🔹Chile: Scotiabank Chile ranks 4th.

🔹Cambodia: National Bank (Advanced Bank of Asia Limited; as ABA Bank) ranks 1st.

Meanwhile, 22% of domestic deposits at the big 6 banks are held in foreign currencies.

* For Colombia, the rankings are based on deposits and loans.

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