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Number of Banks in Canada

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Last Updated: Jun 1, 2021

Number of banks reached 80.0 banks in 2019 in Canada, according to the National Central Bank. This is 2.44 % less 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 banks in. When compared to Canada's main peers, number of banks in Mexico amounted to 51.0 banks, 311 banks in United Kingdom and 4,488 banks in USA in 2019.

Canada has been ranked 19th within the group of 140 countries we follow in terms of number of banks, 6 places above the position seen 10 years ago.

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