Snapshot of Canadian Bank's Lending (Q2 2024)

June 10, 2024
Snapshot of Canadian Bank's Lending (Q2 2024)

Snapshot of the 6 big Canadian banks' loan portfolios (Q2 2024):

Total Loans: $4,110B

Distribution:

  • Home Financing: 48.2%
  • Mortgages: 41%
  • HELOCs: 7.2%
  • Business & Government Loans: 41.2%
  • Personal Loans: 7.8%
  • Credit Cards: 2.8%

Ranks:

  • RBC: $975.4B
  • TD: $935.7B
  • Scotiabank: $760.0B
  • BMO: $660.8B
  • CIBC: $541.7B
  • National Bank: $236.0B

Total loans from the Big 5 banks at the end of the fiscal year 2023 were $3,776 billion.

Note: ~32% of the Big 5 banks' loans are outside Canada, with ~75% of those in the U.S.

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