Banks in Canada remain steadfast in their support of the people of Ukraine and the more than 1.4 million members of the Ukrainian diaspora that make their homes in Canada. Through donations to humanitarian aid organizations, compliance with economic sanctions imposed on entities and individuals, and by guarding against the increased threat of cyber attacks, banks in Canada are in solidarity with the global effort to take action and support the people of Ukraine.

Humanitarian aid

Banks have donated more than $4 million to support humanitarian aid efforts in Ukraine and neighbouring countries, helping to provide immediate and ongoing emergency assistance to those in urgent need.

In addition, several banks began accepting financial donations online and in their branches to support the Canadian Red Cross Ukraine Humanitarian Crisis Appeal.

Economic sanctions

Banks comply with all applicable legal and regulatory obligations, including sanctions imposed by the Government of Canada in response to the attack on Ukraine. Where sanctions apply to financial institutions, transactions with customers through those financial institutions are also sanctioned.

Protecting against cyber attacks

The Canadian Centre for Cyber Security has encouraged Canadian businesses to bolster their organizations against Russian state-sponsored cyber threats.

Banks in Canada are security‑mature organizations widely recognized for their leading cyber security practices. Highly‑skilled IT security teams use advanced technologies to safeguard bank operations against cyber attacks to keep customer accounts and data secure.

Banks also have a long history of working closely with government departments and agencies, law enforcement and other strategic partners to share intelligence and align their efforts to counter cyber threats.

Bank Announcements

May 17, 2022
BMO Enhances NewStart Program for Displaced Ukrainians - Expands Access to No‑Fee Banking for Newcomers to Canada

Feb 27, 2022
BMO Announces $200,000 Donation to Red Cross to Support Ukraine Relief Efforts

March 21, 2022
CIBC increases Ukrainian aid donation to $500,000 and adds support for those resettling in Canada

February 25, 2022
CIBC donates $200,000 to support urgent humanitarian aid efforts in Ukraine

March 2, 2022
CWB donates $50,000 to the Canada-Ukraine Foundation

February 26, 2022
National Bank gives $100,000 to respond to humanitarian needs in Ukraine

March 10, 2022
RBC increases donation to over $1 million to support humanitarian relief efforts in Ukraine, and its refugee crisis

February 27, 2022
RBC announces $250,000 donation to support immediate humanitarian efforts in Ukraine and the Ukrainian diaspora in Canada

March 24, 2022
Scotiabank commits over $1 million in Ukrainian aid to support humanitarian and resettlement efforts

February 27, 2022
Scotiabank stands in support of the people of the Ukraine with a $200,000 donation to the Red Cross

March 25, 2022
TD increases donation to $1 million in support of resettlement efforts and humanitarian relief in Ukraine and globally