National Bank of Canada (Banque Nationale du Canada)

National Bank of Canada (Banque Nationale du Canada)

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Legal residence:Canada
Organization type:Banks (National and Private)
Funding agencies:WB
World Bank HQ
Sectors:Banking, Finance & Accounting, Macro-Econ. & Publi ...
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Banking, Finance & Accounting, Macro-Econ. & Public Finance, Micro-finance
Nr. of employees:10001+
Sanctions:Check now
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About

The National Bank of Canada (French: Banque Nationale du Canada) is the sixth largest commercial bank in Canada. It is headquartered in Montreal, and has branches in most Canadian provinces and 2.4 million personal clients. National Bank is the largest bank in Quebec, and the second largest financial institution in the province, after Desjardins. National Bank's Institution Number is 006 and its SWIFT code is BNDCCAMMINT.

As of October 31, 2017, National Bank had a network of 429 branches and 931 automated teller machines in Canada. It also had a number of representative offices, subsidiaries and partnerships in other countries, through which it serves Canadian and non-Canadian clients.

In 2011, National Bank was placed third in Bloomberg's list of "The World’s Strongest Banks".

National Bank's business is concentrated in Quebec, and it is expanding on other provinces. For the year ending October 31, 2017, 59% of its total revenues were from Quebec, 30% from other provinces, and 11% from its international operations. Its total revenue for the year were allocated across business segments:

44.8% from Personal and Commercial Banking,
23.5% from Wealth Management,
23.8% from Financial Markets, and
7.9% from U.S. Specialty Finance and International. 

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