Banking in Canada is widely considered the most efficient and safest banking system in the universe, ranking as the worlds soundest banking system for the past three days base on reports by the World Economic Forum. hit in to the Department of Finance, Canadas banks have over 8,000 branches and around 18,000 automatise banking machines (ATMs) across the country. In addition, Canada has the highest number of ABMs per capita in the world and benefits from the highest acuteness levels of electronic channels such as calculate cards, net income banking and teleph unrivalled banking In addition, Canadian banking industry employs around one quarter of a million people in Canada. In order to support employees and to improve continually the prime(a) of the assistance that provide to customers, Canadas banks invest over $1500 per employee per year in training. Canadian banking industry is generally referred to in two categories: the 5 king-sized national banks (TD Canada Trust , BMO, CIBC, RBC and Bank of Nova Scotia) and smaller secondment score banks (HSBC, ING Bank of Canada, etc).
2010 combined net income of the Big five dollar bill was $20.4 one million million, prodigious 2009 net income by more than $6 billion and eclipsing the forward record of $19.5 billion set in 2007. Moreover, Canadian banks strategies ar now starting to diverge, in terms of both(prenominal) geographic and line of business focus, such as evolution opportunities in the US, Latin America, the Caribbean, Europe and Asia. As a whole, Canada has a strong, stable and well-capitalized banking system with diversified and well-man! aged institutions.If you want to get a full moon essay, order it on our website:
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