The Top 5 banks hold more deposits than all other deposit-taking institutions in Canada combined!
🏅 Top Performers:
- 🔹 Banks: RBC Royal Bank and TD Bank together have $2.8 trillion in global deposits.
- 🔹 Credit Unions: Desjardins, with $290 billion in deposits, is the 7th largest deposit-taking institution in Canada. Desjardins alone holds more deposits than all other Canadian credit unions combined!
- 🔹 Regional Bank: ATB Financial, with $42 billion, is the 8th largest deposit-taking institution and serves only one province—Alberta.
- 🔹 Trust Company: Home Trust is the largest independent trust company in Canada.
👑 Hegemony of the Top 5 Banks:
The combined deposits of the institutions ranked 6th to 30th among Canadian deposit-taking institutions total $958.7 billion, which is less than the deposits of TD, RBC, or BMO individually!
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