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Fast Facts

Last modified: 22 May 2014
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Number of bank branches across Canada: 6,205, of which approximately 2,100 are rural and small town branches.

Number of banks in Canada: 83.

Number of transactions logged at bank-owned ABMs in Canada (2012): 864 million.
Number of online banking transactions completed with the six largest banks in Canada in 2012: 583.7 million.
Canadians are careful borrowers, and mortgage arrears in Canada remain very low (in fact, as of February 2014 only 0.31% of bank mortgages are in arrears.
Taxes paid in Canada in 2012 (by the six largest banks): $8 billion.
Banks contribute approximately 3.1% to Canada’s GDP.
Taxes paid worldwide in 2012 (by Canada's six largest banks): $10.2 billion.
Amount banks and their subsidiaries paid in salaries and benefits in Canada in 2012: $20.8 billion.
In 2012, banks employed 275,280 Canadians and industry employment has increased by 14.4% over the past ten years while full-time industry employment has increased by 25.4% over the same period.
Number of people employed by Canadian banks in other countries in 2012: 108,740.
Percentage of senior managers with the six largest banks who are women (2011): 33.3%. Women constitute 65.3% of the workforce at Canada’s six largest banks (excluding subsidiaries).
Banks provide financing to more than 1.6 million small and medium-sized businesses.
Amount six largest Canadian banks spent on technology in 2012: $7.7 billion.
Amount six largest Canadian banks spent on technology from 2002 to 2012: $60.4 billion.
Dividend income paid in 2012 by Canada’s banks to shareholders: $12.6 billion.
Canada’s Bank Act is reviewed and updated every five years to ensure the regulatory structure is keeping pace with changes in the industry.
Percentage of Canadians who give banks a good performance rating when it comes to being stable and secure: 79%.
Percentage of Canadians that have a favourable impression of banks in Canada: 81%.
Percentage of Canadians who trust banks to protect the privacy of their personal information and transactions: 76%.
#1 – Canada’s ranking by the World Economic Forum for the most sound banking system in the world, (a ranking achieved six years in a row).