Fast Facts About the Canadian Banking System

Last modified: 05 May 2015
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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: 81.

Number of bank-owned ABMs across Canada: 18,584.
Number of transactions logged at bank-owned ABMs in Canada (2013): 820 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 2015 only 0.29% of bank mortgages are in arrears.)
Taxes paid in Canada in 2013 (by the six largest banks): $7.9 billion.
Banks contribute approximately 3.1% to Canada’s GDP.
Taxes paid worldwide in 2013 (by Canada's six largest banks): $10.4 billion.
Amount banks and their subsidiaries paid in salaries and benefits in Canada in 2012: $20.8 billion.
In 2013, banks employed 279,795 Canadians and full-time industry employment has increased by 25.9 per cent over the past ten years.
Number of people employed by Canadian banks in other countries in 2013: 108,470.
Percentage of senior managers with the six largest banks who are women (2013): 33.6%. Women constitute 63.2% 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 2013: $8.2 billion.
Amount six largest Canadian banks spent on technology from 2004 to 2013: $60.7 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: 75%.
Percentage of Canadians that have a favourable impression of banks in Canada: 87%.
Percentage of Canadians who trust banks to protect the privacy of their personal information and transactions: 74%.
#1 – Canada’s ranking by the World Economic Forum for the most sound banking system in the world, (a ranking achieved seven years in a row).