| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 1 |  | 56.42 % | 13,374.00 mln USD (-6.52%) |
| 2 |  | 36.07 % | 8,550.82 mln USD (-11.23%) |
The Bank of Butterfield & Son is a universal community bank encompassing retail and corporate banking and treasury activities and a provider of specialised international financial services.In the wealth management area, the bank provides private banking, asset management and personal trust services.Butterfield also provides services to corporate andinstitutional clients which include asset management and corporate trust services.
Bermuda
internationallyThe Bank of N T Butterfield & Son Limited ranks as the 1st largest bank in Bermuda by total assets. In 2023 its total assets were 13,374.00 mln USD, representing a 56.42% market share. In 2023 the bank's net income was 225.50 mln USD.
The Bank of N T Butterfield & Son Limited is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). The Bank of N T Butterfield & Son Limited participates in the deposit guarantee scheme of Bermuda. This scheme covers accounts up to 25,000 USD per bank per depositor.
HSBC is a global financial services provider, serving customers in wealth and personal banking, commercial banking, and global banking and markets. HSBC Bermuda is a provider of financial services in Bermuda, serving individuals, institutions and corporations locally and globally.
BermudainternationallyHSBC Bank Bermuda Limited ranks as the 2nd largest bank in Bermuda by total assets. In 2023 its total assets were 8,550.82 mln USD, representing a 36.07% market share. In 2023 the bank's net income was 420.57 mln USD.
HSBC Bank Bermuda Limited participates in the deposit guarantee scheme of Bermuda. This scheme covers accounts up to 25,000 USD per bank per depositor.
