๐ Canadian Chartered Banks Loan Distribution:
๐นBig 6 Banks issued 93% of the loans.
๐นExcluding BMO, ~50% of the other 5 banks' loans are secured by homes.*
๐นOver 30% of the loans are outside Canada, mostly in the U.S.
Total Loans of $4,475B by Chartered Banks in Canada as of July 31, 2024:
- RBC: $978.3B (21.9%)
- TD: $946.1B (21.1%)
- Scotiabank: $765.8B (17.1%)
- BMO: $677.5B (15.1%)
- CIBC: $553.9B (12.4%)
- National Bank: $240.7B (5.4%)
- Other 40+ chartered financial institutions: $312.8B (7%)
Loan Distribution of the Big 6 Banks:
๐ก Home Financing: 48.2%
Mortgages: 41%
HELOCs: 7.2%
๐ข Business & Government Loans: 41.1%
๐ฅ Personal Loans (excl. HELOCs): 7.8%
๐ณ Credit Cards: 2.9%
*Note: Home-secured loans include mortgages and HELOCs.
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