RBC Leads Canada Corporate Loan Surge to Lift Capital Markets
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Royal Bank of Canada has more than doubled lending to its largest corporate clients since 2011, giving the firm an edge in winning other business such as arranging stock sales and helping counter a slowdown in domestic banking.
Canada’s five biggest banks collectively increased corporate loan balances to C$244.2 billion ($199 billion) in their capital markets units in the second quarter, up from C$124.5 billion four years earlier, according to financial statements. Royal Bank holds almost a third of those balances, while Bank of Nova Scotia has about 29 percent.