🍁 Canadian Banks & Credit Unions Deposit Portfolio Market Share (July 31, 2025)
More than $6.8 trillion in total deposits globally, with 94% held by the Big 6 banks + Desjardins.
📌 Key Insights:
1️⃣ Total Deposits:
💰 Total deposits across Canadian banks and credit unions (with assets > $1B) reached $6.8 trillion as of July 31, 2025.
Since April 30, their deposits in Canada increased by ~$80B, while their foreign deposits remained flat.
2️⃣ Geographical Breakdown:
- $5.05 trillion (74.6%) in Canada
- $1.27 trillion (18.8%) in the U.S.
- $0.45 trillion (6.6%) outside North America
3️⃣ Beyond the Big 6 Banks and Desjardins:
After the Big 6 and Desjardins, which hold 94% of total global deposits and 92% of deposits in Canada, the next largest are: ATB, Equitable Bank, Vancity Credit Union, Servus Credit Union, and Laurentian Bank (ranks 8–12).
4️⃣ Loan-to-Deposit Ratio (Top 20):
🏦 Big 6 Banks: 65% (TD) → 79% (Scotiabank)
🏦 Ranks 7–20: typically ≥100%, indicating tighter liquidity conditions.
Global Deposits of Major Canadian Lenders (Q3 2025)
| Lender | Global Deposits (In Billion $CA) |
|---|---|
| TD | $1,484.4 |
| RBC | $1,446.0 |
| Scotiabank (Inc. Tangerine) | $975.3 |
| BMO | $955.4 |
| CIBC | $775.1 |
| National Bank | $402.3 |
| Desjardins | $320.9 |
| ATB | $44.2 |
| Equitable Bank (Inc. Concentra) | $36.7 |
| Vancity | $24.9 |
| Servus Credit Union | $24.6 |
| Laurentian Bank (Inc. B2B) | $24.3 |
| Fairstone Bank | $23.0 |
| Manulife Bank | $22.2 |
| Coast Capital Savings | $19.4 |
| Meridian Credit Union | $18.9 |
| Other | $164.5 |
Sources: OSFI, Lenders' Annual & Quarterly Financial Reports
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