Ranked by 2021 assets
Published on January 24, 2022, as part of the Top 100 money sources in B.C. section. See also asset-based lenders, credit unions, investment banking firms, investment fund management firms and mezzanine lenders. Sources: Interviews with financial institutions and BIV research.
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| Rank '22 | Bank | Top local executive(s) | Partial list of subsidiaries | Total B.C. staff '21/'20 | Deposits '21/'20 (000s) | Assets '21/'20 (000s) |
|---|---|---|---|---|---|---|
|
1
|
Royal Bank of Canada (RBC Financial Group) |
Martin Thibodeau, regional president, B.C. |
Royal Bank Holdings; Royal Mutual Funds; RBC Insurance Holdings; RBC Direct Investing; RBC Phillips, Hager & North Investment Counsel; RBC Capital Trust; Royal Trust Co |
7,196 |
$1,100,831 |
$1,706,320,000 |
|
2
|
BMO Financial Group |
James Kitamura, regional president, personal banking, Paul Seipp, regional president, business banking |
Bank of Montreal Capital Markets; |
NP |
NP |
$973,211,000 |
|
3
|
CIBC |
Paulo Brazinha, senior vice-president and region head, B.C. region |
CIBC Asset Management Inc, |
3,003 |
$621,158,000 |
$837,683,000 |
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