Besides retail and corporate banking, RBC offers various types of insurance and mortgage loans. In fact, RBC mortgages amount to 27% of Canada’s $992 billion mortgage and housing market – making it the largest mortgage lender in the country, according to finance company WOWA.
The bank currently has 1,209 branches that serve approximately 10 million bank account holders and borrowers. It also has 41 branches and more than 3,000 employees in the Caribbean.
In the United States, RBC operates through its retail banking branch called RBC Bank (Georgia), N.A. This federally chartered bank is headquartered in Raleigh, North Carolina, and focuses on cross-border banking services for Canadian expats and tourists.
3. BNP Paribas
- Market cap: $79.5 billion
- Headquarters: Paris, France
- Number of employees: 198,800
This French bank is formed by a merger of Banque Nationale de Paris (BNP) and Banque de Paris et des Pays-Bas (Paribas) in 2000. It is the largest banking group in Europe and the world’s seventh-biggest bank in terms of total assets.
Retail banking is BNP Paribas’ largest division that amounts to around 70% of its revenues, but it also offers an expansive menu of products and services like corporate banking, credit cards, wealth management, and home loans.