The total assets of the Royal Bank of Canada increased notably between 2014 and 2024. In 2024, RBC reported total assets worth approximately 2.1 trillion Canadian dollars, the highest in the observed period. The bank is a key player both in the domestic banking industry and on a global scale. How big is RBC? With assets exceeding two trillion Canadian dollars, RBC was the largest bank in Canada in 2024, closely followed by Toronto-Dominion Bank (TD Bank). While Canada has significant financial centers such as Toronto, Montreal, and Vancouver, it is also one of the largest countries in the world. To cover this geography, RBC has a particularly high number of employees for a bank of that size. Global perspective Not only is RBC the largest bank in Canada, but its market capitalization makes it one of the largest banks in the world. Its private banking operations are a large driver of its value, with assets under management making it one of the leading private banks as well. These exceptional sizes make RBC a major global player whose reach extends well beyond the Canadian border.

RBC: Assets: Others: Derivative Related Amounts data was reported at 116,763,202.000 CAD th in Feb 2020. This records an increase from the previous number of 93,981,876.000 CAD th for Jan 2020. RBC: Assets: Others: Derivative Related Amounts data is updated monthly, averaging 73,082,990.000 CAD th from Nov 1996 (Median) to Feb 2020, with 280 observations. The data reached an all-time high of 164,013,142.000 CAD th in Dec 2008 and a record low of 12,627,987.000 CAD th in May 1997. RBC: Assets: Others: Derivative Related Amounts data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

As of 2024, the Royal Bank of Canada (RBC) held the position of Canada’s largest bank, with total assets exceeding *** trillion Canadian dollars, closely followed by the Toronto-Dominion Bank (TD Bank). Between 2015 and 2024, these banks consistently reported steady revenue growth, reflecting the stability and profitability of Canada’s banking industry. The Canadian banking industry Canada is a vast and diverse country, with domestic banks offering a wide range of services, including retail banking, investment banking, corporate banking, and private banking. In the retail banking sector, also known as consumer banking - focused on serving individuals and non-corporate customers - RBC achieved the highest customer satisfaction in 2024, with Scotiabank ranking second. Canadian banks from a global perspective The largest Canadian bank, RBC, was not only the largest in Canada but also ranked among the world’s leading banks, trailing behind several U.S. and China-based institutions. In 2024, JPMorgan Chase held the title of the largest bank globally by market capitalization.

RBC: Assets: Securities: Others: Shares data was reported at 45,925,595.000 CAD th in Feb 2020. This records an increase from the previous number of 45,409,579.000 CAD th for Jan 2020. RBC: Assets: Securities: Others: Shares data is updated monthly, averaging 38,970,464.500 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 71,139,245.000 CAD th in Dec 2006 and a record low of 1,665,932.000 CAD th in Jan 1996. RBC: Assets: Securities: Others: Shares data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

The value of total assets in the banking industry in Canada increased between 2002 and 2023. The assets of Canadian banks increased from approximately **** trillion U.S. dollars in 2002 to roughly *** trillion U.S. dollars in 2023. The two largest banks in the country are Toronto-Dominion Bank and Royal Bank of Canada, both with assets of around two trillion Canadian dollars.

The Royal Bank of Canada (RBC) maintained its position as Canada's most valuable bank by market capitalization, reaching *** billion U.S. dollars in December 2024. Toronto-Dominion Bank held the second position with a market cap of ***** billion U.S. dollars, substantially lower than RBC but still significantly ahead of the third-ranked Bank of Montreal. Beyond its market value leadership, RBC also led Canadian banks in terms of total assets. What is market capitalization? Market capitalization provides a key metric for estimating a company's value, calculated by multiplying the share price by the total number of outstanding shares. This measure reflects investor sentiment: when investors perceive a company as undervalued, their buying activity drives up both share prices and market capitalization. However, prudent investors don't rely solely on market cap; they conduct thorough analysis of fundamental metrics, including balance sheet data and other financial indicators, to make informed investment decisions. In 2024, investor confidence in the Royal Bank of Canada was particularly evident, as RBC's share price reached unprecedented levels, setting new historical highs. Key banking metrics Banking institutions can be evaluated through multiple important measures, each offering distinct insights into their operations and market position. Total assets, analogous to a retailer's sales volume, provides a meaningful indicator of a bank's operational scale and market influence through the volume of funds under management. Revenue serves as a more direct measure of a bank's financial performance, reflecting its ability to generate income from its various banking activities. Customer base, perhaps the most straightforward metric, reveals a bank's market penetration and public reach. By this measure, both TD Bank and RBC emerged as Canada's dominant banking institutions, with the largest number of primary banking relationships.

Total-Liabilities Time Series for Royal Bank of Canada. Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and services. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RBC: Assets: Customers Liability under Acceptances data was reported at 17,919,051.000 CAD th in Feb 2020. This records a decrease from the previous number of 18,800,819.000 CAD th for Jan 2020. RBC: Assets: Customers Liability under Acceptances data is updated monthly, averaging 9,696,035.500 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 18,878,048.000 CAD th in Dec 2019 and a record low of 5,693,044.000 CAD th in Jan 2004. RBC: Assets: Customers Liability under Acceptances data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

The total assets of Toronto-Dominion Bank (TD Bank) increased steadily between 2013 and 2024. The total assets reached over ************ Canadian dollars in 2024, which was the highest value in the observed period. In addition, TD Bank was also the second largest bank in Canada in 2024, following Royal Bank of Canada, with assets exceeding ************ Canadian dollars.

RBC: Liabilities: Others: Mortgages & Loans Payable data was reported at 40,596,640.000 CAD th in Feb 2020. This records an increase from the previous number of 39,904,901.000 CAD th for Jan 2020. RBC: Liabilities: Others: Mortgages & Loans Payable data is updated monthly, averaging 73,812.000 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 55,936,883.000 CAD th in May 2013 and a record low of -57.000 CAD th in Jun 1999. RBC: Liabilities: Others: Mortgages & Loans Payable data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Toronto Dominion-Bank (TD Bank) - one of the largest banks in Canada by total assets - invested roughly **** billion Canadian dollars in communication and marketing activities in its fiscal year 2023. Royal Bank of Canada (RBC) followed with *** million Canadian dollars spent on marketing and public relations activities.

RBC: Liabilities: Others: Income Taxes: Current data was reported at 1,509,321.000 CAD th in Feb 2020. This records a decrease from the previous number of 1,559,345.000 CAD th for Jan 2020. RBC: Liabilities: Others: Income Taxes: Current data is updated monthly, averaging 414,593.000 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 2,416,886.000 CAD th in Sep 2009 and a record low of -477,951.000 CAD th in Feb 2004. RBC: Liabilities: Others: Income Taxes: Current data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Others: Accrued Interest data was reported at 3,078,909.000 CAD th in Feb 2020. This records an increase from the previous number of 2,848,559.000 CAD th for Jan 2020. Canada RBC: Assets: Others: Accrued Interest data is updated monthly, averaging 1,662,892.500 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 3,160,275.000 CAD th in Nov 2019 and a record low of 1,092,591.000 CAD th in Mar 1999. Canada RBC: Assets: Others: Accrued Interest data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

In 2024, the Royal Bank of Canada (RBC) stood out as the most profitable bank among Canada's largest financial institutions, reporting a net income exceeding **** billion Canadian dollars. Toronto-Dominion Bank (TD Bank) ranked second, with a net income of approximately *** billion Canadian dollars. In addition to leading in profitability, RBC also held the largest asset volume, surpassing *** trillion Canadian dollars.

Canada RBC: Assets: Others: Deferred Tax Assets data was reported at 1,982,764.000 CAD th in Feb 2020. This records an increase from the previous number of 1,972,794.000 CAD th for Jan 2020. Canada RBC: Assets: Others: Deferred Tax Assets data is updated monthly, averaging 1,305,457.500 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 2,913,130.000 CAD th in Nov 2016 and a record low of 582,411.000 CAD th in Dec 1999. Canada RBC: Assets: Others: Deferred Tax Assets data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Cash & Cash Equivalent (CC) data was reported at 66,099,137.000 CAD th in Feb 2020. This records a decrease from the previous number of 66,412,265.000 CAD th for Jan 2020. Canada RBC: Assets: Cash & Cash Equivalent (CC) data is updated monthly, averaging 26,172,699.500 CAD th from Jan 2009 (Median) to Feb 2020, with 134 observations. The data reached an all-time high of 87,022,068.000 CAD th in Dec 2017 and a record low of 16,380,714.000 CAD th in Nov 2009. Canada RBC: Assets: Cash & Cash Equivalent (CC) data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Loans data was reported at 1,014,861,631.000 CAD th in Feb 2020. This records an increase from the previous number of 954,128,103.000 CAD th for Jan 2020. Canada RBC: Assets: Loans data is updated monthly, averaging 319,433,886.000 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 1,043,554,987.000 CAD th in Dec 2019 and a record low of 120,852,977.000 CAD th in Jan 1996. Canada RBC: Assets: Loans data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Others: Associates & Joint Ventures Interests data was reported at 673,686.000 CAD th in Feb 2020. This records an increase from the previous number of 659,547.000 CAD th for Jan 2020. Canada RBC: Assets: Others: Associates & Joint Ventures Interests data is updated monthly, averaging 354,430.000 CAD th from Jan 2011 (Median) to Feb 2020, with 110 observations. The data reached an all-time high of 757,238.000 CAD th in Jun 2018 and a record low of 0.000 CAD th in Oct 2011. Canada RBC: Assets: Others: Associates & Joint Ventures Interests data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Land, Buildings & Equipment data was reported at 8,195,046.000 CAD th in Feb 2020. This records a decrease from the previous number of 8,257,336.000 CAD th for Jan 2020. Canada RBC: Assets: Land, Buildings & Equipment data is updated monthly, averaging 2,285,404.500 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 8,305,530.000 CAD th in Nov 2019 and a record low of 1,231,111.000 CAD th in Nov 2000. Canada RBC: Assets: Land, Buildings & Equipment data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.

Canada RBC: Assets: Others: Goodwill data was reported at 11,339,631.000 CAD th in Feb 2020. This records an increase from the previous number of 11,287,625.000 CAD th for Jan 2020. Canada RBC: Assets: Others: Goodwill data is updated monthly, averaging 5,886,521.000 CAD th from Jan 1996 (Median) to Feb 2020, with 290 observations. The data reached an all-time high of 12,016,005.000 CAD th in Jan 2016 and a record low of 304,986.000 CAD th in Jul 1996. Canada RBC: Assets: Others: Goodwill data remains active status in CEIC and is reported by Office of the Superintendent of Financial Institutions Canada. The data is categorized under Global Database’s Canada – Table CA.KB019: Consolidated Balance Sheet: Domestic Banks: Royal Bank of Canada. Source: Financial Data for Banks - Consolidated Balance Sheet (http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx), excluding any specific financial institutions data. Reproduced with permission from the Office of the Superintendent of Financial Institutions (OSFI), 2020 Disclaimer Notice: The reproduction of the information reproduced under permission by the Minister of Public Works and Government Services Canada in no way implies any official endorsement by the Office of the Superintendent of Financial Institutions Canada, nor of the Minister of Public Works and Government Services Canada, and does it imply any endorsement of the services offered by CEIC Data Company limited.