Banque Nationale du Canada

National Bank of Canada

Type	Public company
Traded as	: NA
Industry	Bank
Founded	1859
Headquarters	Montreal, Quebec, Canada
Key people	Louis Vachon (CEO)
Products	Financial services
Revenue	$5,840 million CAD (2016)
Net income	$1,256 million CAD (2016)
Total assets	US$155.8 billion (2016)
Number of employees	21,770 (October 31, 2016)
Website	www.nbc.ca

The National Bank of Canada (French: Banque Nationale du Canada) is the sixth largest commercial bank in Canada. It is headquartered in Montreal, and has branches in most Canadian provinces and 2.4 million personal clients. National Bank is the largest bank in Quebec, and the second largest financial institution in the province, after Desjardins. National Bank's Institution Number is 006 and its SWIFT code is BNDCCAMMINT.

As at July 31, 2016, National Bank had a network of 453 branches and 937 Automated Teller Machines in Canada. It also had a number of representative offices, subsidiaries and partnerships in other countries, through which it serves Canadian and non-Canadian clients.

In 2011, National Bank was placed third in Bloomberg's list of "The World’s Strongest Banks".

National Bank's business is concentrated in Quebec, and it is expanding on other provinces. For the year ending October 31, 2015, 62% of its total revenues were from Quebec, 32% from other provinces, and 6% from its international and unallocated operations. Its total revenues for the year were allocated across business lines:

In 1859, francophone businessmen in Ontario and Quebec were keen to establish a bank under their local control, and persuade the provincial legislature to pass the act that created the Banque Nationale on May 4, 1859. Some members of the anglophone bourgeoisie participated in the Bank’s share capital, but francophones retained exclusive control and held all seats on the Board of Directors with Ulric-Joseph Tessier, lawyer and Member of the Legislative Assembly serving as Chairman of the bank.

The bank suffered losses during the banking crisis sparked by the financial panic of 1873 and panic of 1884 but managed to survive and continued to operate. In the 1930s, during the Great Depression, Banque Nationale again came under financial stress; this time a merger was arranged with Banque d’Hochelaga assisted by the province's legislature to strengthen the bank. The merged bank was renamed "Banque Canadienne Nationale" (BCN) (English, "Canadian National Bank").