Overview
National Bank of Canada is a Montreal-headquartered Canadian bank that provides financial services to individuals, businesses, institutional clients and governments. Its operations are organized around Personal and Commercial Banking, Wealth Management, Capital Markets, and U.S. Specialty Finance and International. The Bank’s services include banking, lending and financing, investment and insurance solutions, private banking, and corporate and investment banking. Its business is centered in Canada, with additional U.S. and international activities, including operations in Cambodia.[1][2][3]
Founded in 1859, the Bank describes its mission as having a positive impact on people’s lives. For fiscal 2025, it reported C$13.98 billion in total revenues and 35,378 employees as of October 31, 2025.[4][5][3] [1][2][5][4][3]
Products & services
National Bank of Canada offers personal chequing packages—the Connected, The Total and The Minimalist—alongside mortgages, Mastercard cards with travel rewards, cash-back, low-interest or no-annual-fee options, savings and registered investment accounts, and borrowing products such as personal loans, lines of credit, RRSP financing, car loans and student lines of credit. Personal banking also includes insurance and investment solutions.[2][6][7][8][9][10]
Business and commercial offerings include CAD, U.S.-dollar and foreign-currency accounts, business cards, day-to-day banking, business investment accounts and financing such as lines of credit, bridge and term loans, revolving term credit and acquisition financing. Cash-flow services cover receivables and payables; international trade services include currency hedging, documentary credits, guarantees and supply-chain financing.[2][11][12][13][14]
Wealth services include full-service brokerage and private banking, National Bank Direct Brokerage for self-directed investing, investment solutions, and trust and estate services. Capital Markets offerings span equities, interest-rate and credit products, commodities and foreign exchange, as well as corporate banking and investment banking. Digital capabilities include mobile and online account management, bill payments, transfers and Interac e-Transfers, mobile cheque deposits, card controls, and business payment, user-access and approval functions.[2][15][16][17][18][19][20][21]
For FY2025, reported segment revenues were C$5,551 million for Personal and Commercial, C$3,240 million for Wealth Management, C$3,662 million for Capital Markets and C$1,621 million for U.S. Specialty Finance & International, against total bank revenue of C$13,980 million. Those amounts represent approximately 39.7%, 23.2%, 26.2% and 11.6% of total revenue, respectively; the percentages are calculated from the reported segment figures. The reported figures are segment-level rather than individual-product revenue.[22] [2][22][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21]
Geographic presence
National Bank of Canada’s FY2025 geographic reporting allocates results according to where the entity responsible for managing assets, liabilities and operating results is located. On this basis, revenue was C$10.657 billion in Canada (76.2% of total), C$773 million in the United States (5.5%), and C$2.550 billion in “Other” (18.2%), out of C$13.980 billion. “Other” is not disaggregated by country in the reported figures.[23][3]
The Bank’s head office is in Montreal, Quebec. Its principal-subsidiary office locations include Montreal, Winnipeg and Edmonton in Canada; New York, Atlanta and Hollywood, Florida, in the United States; and Dublin, Hong Kong, Phnom Penh, Bangkok, Bridgetown and Paris. These are listed subsidiary locations, not a complete inventory of all offices. In Cambodia, ABA Bank operates 103 branches, 45 self-banking locations or units, and 1,894 ATMs.[24][1][3]
The FY2025 report gives a total workforce of 35,378 employees; it does not provide a geographic employee breakdown.[25][3] [23][24][1][25][3]
Business segments
National Bank of Canada reports four business segments. In fiscal 2025, Personal and Commercial generated C$5.551 billion in revenue, approximately 39.7% of consolidated revenue; its activities include banking, credit, financing, investment solutions and insurance. Wealth Management generated C$3.240 billion (23.2%), covering full-service and direct brokerage, private banking, investment solutions, administrative and transactional services, and trust and estate services.[26][2]
Capital Markets generated C$3.662 billion (26.2%) and covers equities, interest-rate and commodity products, foreign exchange, corporate banking and investment banking. U.S. Specialty Finance and International generated C$1.621 billion (11.6%), comprising U.S. specialty finance, international operations including ABA Bank in Cambodia, and minority interests in emerging markets. Percentages are approximate shares of reported consolidated revenue of C$13.980 billion, including the negative contribution from “Other”; they are calculated from reported segment revenues.[26][2]
“Other” is reported separately and is not a business segment; it includes treasury, liquidity management, bank funding, asset/liability management, corporate units and Flinks Technology, among other activities. The Q3 2026 report continues to present the same four segments.[27][28] [26][2][27][28]
Company history
National Bank of Canada traces its origins to Banque Nationale, founded in Quebec City in 1859. Banque Nationale merged with Banque d’Hochelaga in 1924 to form Banque Canadienne Nationale; in 1979, Banque Canadienne Nationale merged with Provincial Bank of Canada to create National Bank of Canada. The bank expanded through its 1985 acquisition of Mercantile Bank of Canada.[4][29][30]
National Bank established its Private Banking 1859 business in 2009 and expanded into Cambodia through its investment in ABA Bank, which its history timeline records as an acquisition in 2016. In 2024, it announced an agreement to acquire Canadian Western Bank; the acquisition was completed on February 3, 2025.[4][31][32] [4][29][30][31][32]
Sources
- National Bank of Canada — Full financial report (2025 Y)
- www.nbc.ca[3]
- www.nbc.ca[4]
- www.nbc.ca[6]
- www.nbc.ca[7]
- www.nbc.ca[8]
- www.nbc.ca[9]
- www.nbc.ca[10]
- www.nbc.ca[11]
- www.nbc.ca[12]
- www.nbc.ca[13]
- www.nbc.ca[14]
- www.nbc.ca[15]
- www.nbc.ca[16]
- www.nbc.ca[17]
- www.nbc.ca[18]
- www.nbc.ca[19]
- www.nbc.ca[20]
- www.nbc.ca[21]
- National Bank of Canada — Full financial report (2026 Q 3)[28]
- www.nbc.ca[29]
- www.nbc.ca[30]
- www.nbc.ca[31]
- www.nbc.ca[32]
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