National Bank of Canada

We’re Canada's 6th largest bank and the leading one in Quebec. But above all, we’re a bank with a human touch that stands out for its bold approach, entrepreneurial spirit, and passion for people. We offer a full range of financial services fo We offer a full range of financial services for individuals, businesses, and clients with specific needs, both domestically and internationally. We also offer a wide range of banking and insurance services as well as innovative investment and wealth management solutions. Since we began in 1859, we've been here to make a positive impact on people's lives. Our strategy? Building long-term relationships with our clients, teams, shareholders, and our community. As sustainability is an integral part of our mission, we have made a series of environmental, social, and governance (ESG) commitments that demonstrate our dedication to the well-being of future generations. Our bank was founded in 1859 by a group of Quebec City businessmen who were committed to serving the interests of their French-speaking peers. We have evolved through the acquisition of other successful businesses, strengthening our presence in response to constant change. Today, we are proud to be one of Canada's leading influential banks. The bank suffered losses during the banking crisis sparked by the financial panic of 1873 and panic of 1884 but managed to survive and continued to operate. In the 1930s, during the Great Depression, Banque Nationale again came under financial stress; this time a merger was arranged with Banque d’Hochelaga assisted by the province's legislature to strengthen the bank. The merged bank was renamed "Banque Canadienne Nationale" (BCN) (English, "Canadian National Bank"). In 1968, BCN, in conjunction with a number of other banks, launched Chargex, the first credit card to be issued by a Canadian bank. During the 1970s, Quebec-based rival Provincial Bank of Canada expanded rapidly through a number of acquisitions. It merged with the People's Bank in 1970, with the Toronto-based Unity Bank of Canada, and in 1979 it acquired Laurentide Financial Corporation of Vancouver. Provincial Bank and BCN continued to expand but continued to have a large part of their operations concentrated in Quebec. In November 1979, these two banks decided to merge under the new name "National Bank of Canada" in what was at the time one of the largest bank mergers. In August 2021, National Bank brokerage became the second Canadian financial institution to offer free online direct brokerage after Wealthsimple introduced it first.[15] On October 31, 2019, National Bank had a network of 422 branches and 939 automated teller machines in Canada.[16] It also had a representative offices, subsidiaries and partnerships in other countries, through which it serves Canadian and non-Canadian clients. It owns ABA Bank in Cambodia. National Bank's business is concentrated in Quebec, and it is expanding in other provinces. For the year ending October 31, 2017, 59% of its total revenues were from Quebec, 30% from other provinces, and 11% from its international operations.[3] Its total revenue for the year were allocated across the following business segments: 44.8% from Personal and Commercial Banking, 23.5% from Wealth Management, 23.8% from Financial Markets, and 7.9% from U.S. Specialty Finance and International. ...view more