Business Strategy and Outlook| Eric Compton, CFA |
National Bank of Canada is the sixth-largest Canadian bank, and this group of six banks collectively holds almost 90% of the nation's banking deposits. National Bank of Canada is the most Canadian-focused of the Big Six, with roughly 85% of its revenue derived from Canada. Not only is National Bank of Canada the most Canadian-focused, but it also has the most concentrated branch network in Canada among the Big Six, primarily located in Quebec. The bank has made a point of gradually shifting more of its business outside Quebec over time and now has roughly 45% of revenue coming from outside Quebec.