We drive change in Canadian banking to enrich people's lives
With more than 1,800 employees across Canada, the Bank serves Canadians through two business lines: Personal Banking and Commercial Banking, and six primary consumer brands.
Personal Banking operates through three business lines: EQ Bank, Residential Lending, and Wealth Decumulation (reverse mortgages and insurance lending).
Personal Banking serves over 350,000 Canadians, with total loans under management of approximately $31 billion. Its diversified product suite consists of deposits, single family loans, home equity lines of credit, reverse mortgages, and insurance loans. 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 five business lines: Business Enterprise Solutions, Commercial Finance Group, Multi-unit Insured, Specialized Finance, and Equipment Leasing.
Commercial Banking serves nearly 20,000 Canadian businesses and has over $24 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, and our in-depth knowledge of target markets.