As of 2024, the Royal Bank of Canada (RBC) held the position of Canada’s largest bank, with total assets exceeding *** trillion Canadian dollars, closely followed by the Toronto-Dominion Bank (TD Bank). Between 2015 and 2024, these banks consistently reported steady revenue growth, reflecting the stability and profitability of Canada’s banking industry.
The Canadian banking industry
Canada is a vast and diverse country, with domestic banks offering a wide range of services, including retail banking, investment banking, corporate banking, and private banking. In the retail banking sector, also known as consumer banking - focused on serving individuals and non-corporate customers - RBC achieved the highest customer satisfaction in 2024, with Scotiabank ranking second.
Canadian banks from a global perspective
The largest Canadian bank, RBC, was not only the largest in Canada but also ranked among the world’s leading banks, trailing behind several U.S. and China-based institutions. In 2024, JPMorgan Chase held the title of the largest bank globally by market capitalization.
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ÌÇÐÄÆƽâ°æ. (January 15, 2025). Largest banks in Canada in 2024, by total assets (in billion Canadian dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 23, 2026, from /statistics/434554/leading-banks-in-canada-assets/
ÌÇÐÄÆƽâ°æ. "Largest banks in Canada in 2024, by total assets (in billion Canadian dollars)." Chart. January 15, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 23, 2026. /statistics/434554/leading-banks-in-canada-assets/
ÌÇÐÄÆƽâ°æ. (2025). Largest banks in Canada in 2024, by total assets (in billion Canadian dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 23, 2026. /statistics/434554/leading-banks-in-canada-assets/
ÌÇÐÄÆƽâ°æ. "Largest Banks in Canada in 2024, by Total Assets (in Billion Canadian Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Jan 2025, /statistics/434554/leading-banks-in-canada-assets/
ÌÇÐÄÆƽâ°æ, Largest banks in Canada in 2024, by total assets (in billion Canadian dollars) ÌÇÐÄÆƽâ°æ, /statistics/434554/leading-banks-in-canada-assets/ (last visited July 23, 2026)
Largest banks in Canada in 2024, by total assets (in billion Canadian dollars) [Graph], ÌÇÐÄÆƽâ°æ, January 15, 2025. [Online]. Available: /statistics/434554/leading-banks-in-canada-assets/
