Evolution of 6 big Canadian banks' deposits from 2003 to 2023
More than 500% increase in their deposit in the past 20 years!
2003: $996 Billion
2013: $2,401 Billion
2023: $5,303 Billion
Above numbers include both domestic and international deposits. The 2003 data doesn't include National Bank as its information was unavailable.
Top performer: TD with 555% growth in 20 years.
King 👑: RBC has been always the first.
Least growth: CIBC
Main reason for TD success may lie in their expansion in the U.S. by acquisition of:
- Banknorth in 2004
- Commerce bank in 2008
- South Financial in 2010
and some small ones such as Riverside National Bank of Florida.
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