Canada's best bank 2019: TD Bank
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Canada's best bank 2019: TD Bank

Awards for Excellence 2019

Canada has a clutch of big banks that dominate its financial services industry and competition is fierce in most segments. Few are able to compete across the whole spectrum, however. TD Bank is one that can, and the last 12 months marked another successful period for the firm, making it once again Canada’s best bank.

It had a terrific financial year 2018 across all its businesses, with revenues up 8% and return on equity hitting almost 17%. And while it again made inroads in the US market, it is its domestic business that remains the driving force of its performance.

Bharat Masrani 160x186

Bharat Masrani

Retail banking results rose strongly and the bank retained its leading position in credit cards; it signed a deal with Air Canada to be the airline’s primary credit card for its loyalty programme. It continues to take share in private banking and shows strong growth in business loans and deposits.

Late in 2018 the bank also became the largest money manager in Canada with the acquisition of Greystone Capital Management for just under C$800 million ($610 million).

Gift this article