Among Canada's largest banks, Toronto-Dominion Bank (TD Bank) reported the highest efficiency ratio in 2024 at ** percent, followed by the Royal Bank of Canada (RBC) at **** percent. The Canadian Imperial Bank of Commerce (CIBC) recorded the lowest efficiency ratio, at **** percent. The efficiency ratio - also known as the cost-to-income ratio or productivity ratio - is a key measure of operational efficiency, calculated by dividing non-interest expenses by total revenue. A lower ratio indicates more efficient operations.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
ÌÇÐÄÆƽâ°æ. (January 20, 2025). Efficiency ratio of the largest banks in Canada in 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 23, 2026, from /statistics/1441276/efficiency-ratio-largest-banks-in-canada/
ÌÇÐÄÆƽâ°æ. "Efficiency ratio of the largest banks in Canada in 2024." Chart. January 20, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 23, 2026. /statistics/1441276/efficiency-ratio-largest-banks-in-canada/
ÌÇÐÄÆƽâ°æ. (2025). Efficiency ratio of the largest banks in Canada in 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 23, 2026. /statistics/1441276/efficiency-ratio-largest-banks-in-canada/
ÌÇÐÄÆƽâ°æ. "Efficiency Ratio of The Largest Banks in Canada in 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Jan 2025, /statistics/1441276/efficiency-ratio-largest-banks-in-canada/
ÌÇÐÄÆƽâ°æ, Efficiency ratio of the largest banks in Canada in 2024 ÌÇÐÄÆƽâ°æ, /statistics/1441276/efficiency-ratio-largest-banks-in-canada/ (last visited July 23, 2026)
Efficiency ratio of the largest banks in Canada in 2024 [Graph], ÌÇÐÄÆƽâ°æ, January 20, 2025. [Online]. Available: /statistics/1441276/efficiency-ratio-largest-banks-in-canada/
