Canadian Imperial Bank of Commerce (CIBC)

The last bank of the Big Five is the Canadian Imperial Bank of Commerce (CIBC). The Canadian Imperial Bank of Commerce was founded by the merging of the Canadian Bank of Commerce and the Imperial Bank of Canada in 1961, which was the largest merger of chartered banks in Canadian history. Similar to other banks in the Big Five, CIBC appears on the Forbes Global 2000 listing at number 172.

Besides Canada, the Canadian Imperial Bank of Commerce has international operations in the United States, the Caribbean, Asia, and the United Kingdom. Through three major businesses (Retail and Business Banking, Wealth Management, Capital Markets) and four strategic business units (Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking, Wealth Management, and Capital Markets), the bank provides a full range of financial products and services to millions of clients in Canada and around the world.

According to the Canadian Imperial Bank of Commerce's "Annual Report 2021", the Canadian Imperial Bank of Commerce has total assets of C$ 837.68 billion, net revenue of around C$ 20.02 billion, and a market capitalization of C$ 71.74 billion. The bank has over 11 million clients worldwide, 1,100 branches in Canada, and over 44,000 full-time employees worldwide.

Founded: 1961
Headquarters: CIBC Square, Toronto, Canada.
Website: https://www.cibc.com