We drive change in Canadian banking to enrich people's lives
With more than 1,700 employees across Canada, the Bank operates through two main divisions each with multiple diverse business lines - Personal Banking and Commercial Banking, with recognized brands including Equitable Bank, EQ Bank, Bennington Financial and Concentra Trust.
Personal Banking operates through five businesses lines: EQ Bank, Residential Lending, Wealth Decumulation, and now consumer lending through partnerships, a segment added with the Concentra Bank acquisition, and payments as a service supporting our fintech partners.
Personal Banking serves over 555,000 Canadians, with total loans under management of ~$32 billion. Its diversified product suite consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Our savings products are offered through EQ Bank, Equitable Bank, Equitable Trust, and a network of independent financial planners and brokers. Equitable Bank and Equitable Trust are each members of the Canada Deposit Insurance Corporation.
Commercial Banking operates through seven business lines: Business Enterprise Solutions, Commercial Finance Group, Multi-unit Insured, Specialized Finance, Equipment Leasing, Credit Union & Concentra Trust.
Commercial Banking serves approximately 23,000 Canadian businesses and has ~$30 billion in loans under management. We lend through a network of mortgage and leasing brokers, lending partners, and other financial institutions. Commercial loans involve lending on multi-unit residential, industrial and office buildings, and other commercial properties. Our businesses compete based on service excellence, the breadth and strength of our partnerships & our in-depth knowledge of target markets.