🍁 Global Loan Portfolio of Canadian Lenders (Q2 2025): Canadian banks and credit unions with assets over $1B hold a total of $5.03T in loans — of which nearly $4T is concentrated in the Big 5 banks.
| Bank | Net Loans (Global) Billions | Share |
|---|---|---|
| RBC | $1,007.3 | 20.0% |
| TD | $965.4 | 19.2% |
| Scotiabank (Inc. Tangerine) | $764.2 | 15.2% |
| BMO | $675.7 | 13.4% |
| CIBC | $571.6 | 11.4% |
| Desjardins1 | $296.3 | 5.9% |
| National Bank | $285.7 | 5.7% |
| ATB1 | $54.3 | 1.1% |
| Equitable Bank (Inc. Concentra) | $46.7 | 0.9% |
| Laurentian Bank (Inc. B2B) | $35.5 | 0.7% |
| Fairstone Bank | $28.1 | 0.6% |
| Manulife Bank | $27.5 | 0.5% |
| Servus Credit Union3 | $24.7 | 0.5% |
| Vancity2 | $24.6 | 0.5% |
| Meridian Credit Union2 | $23.1 | 0.5% |
| Coast Capital Savings2 | $19.3 | 0.4% |
| Other Banks and Credit Unions4 | $175,400 | 3.5% |
1. Loan Portfolio as of Mar 31, 2025
2. Loan Portfolio as of Dec 31, 2024
3. Loan Portfolio as of Jan 31, 2025
4. Charted bank loan portfolios as of April 30, 2025 and credit union loan portfolios as of December 31, 2025.
Note: Loans exclude securities. Percentages may not sum to 100% due to rounding.
Sources: Lenders' Quarterly and Annual Financial Reports, OSFI, Statistics Canada
Key Points:
- 1️⃣ Market Share: Banks & credit unions > $1B assets hold $5,026B, while other lenders hold around $360B combined.
- 2️⃣ Residential Lending: Residential mortgages & HELOCs make up 48% of all loans by Canadian lenders.
- 3️⃣ Beyond the Big 7: After the Big 7 (Big 6 banks + Desjardins), the largest lenders are ATB Financial, Equitable Bank, and Laurentian Bank.
- 4️⃣ Top Credit Unions (by loan portfolio):
- 🔹 Desjardins: $296B
- 🔹 Servus: $24.7B
- 🔹 Vancity: $24.6B
- 🔹 Meridian: $23.1B
- 🔹 Coast Capital: $19.3B
- 5️⃣ Geographic Breakdown: Total loans inside Canada = $4.5T, meaning around 17% of Canadian lenders’ loan portfolios are outside the country.
Follow us on social media for more posts
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.