Number of Banks in Canada

Number of banks reached 81.0 banks in 2021 in Canada, according to the National Central Bank. This is 2.53% more than in the previous year.

Historically, number of banks in Canada reached an all time high of 82.0 banks in 2018 and an all time low of 67.0 banks in 2004.

Canada has been ranked 9th within the group of 92 countries we follow in terms of number of banks.