Industry Analysis & Industry Trends
The Commercial Banking industry has experienced a slight slowdown in growth in the five years to 2013. Low interest rates have restricted the interest spread banks are able to charge on their personal and business lending portfolios. Furthermore, the financial recession that started in late 2008 caused demand from consumers and businesses to decline. On the whole, though, Canadian commercial banks fared much better than their US counterparts because they were not directly hit by the subprime crisis and were in a much better financial position to weather the storm. As a result, industry revenue is expected to increase at an annualized rate of 2.2% to $72.8 billion in the five years to 2013... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Commercial Banking industry has a moderate level of market share concentration with the top five banks expected to account for about 63.5% of industry revenue in 2013. The remainder of revenue is split primarily between the other 19 schedule I banks, while the schedule II and schedule III banks account for a small part of the industry. In the five years to 2013, the number of commercial banks has declined at an average annual rate of 1.3% to 100 due to higher merger and acquisition activity among schedule I banks. Furthermore, the number of bank establishments (i.e. branches) has decreased at an average rate of 0.3% annually over the same period to 7,584... purchase to read more