corporate banker cover letter

Business Banker Cover Letter Example for 2024 (Skills & Templates)

Create a standout business banker cover letter with our online platform. browse professional templates for all levels and specialties. land your dream role today.

Are you looking to make a career move into the banking sector? Our Business Banker Cover Letter Guide provides comprehensive advice to help you write an outstanding cover letter that will make you stand out from the competition. With our guidance, you can craft a letter that will demonstrate your knowledge and experience in the banking industry.

We will cover:

• How to write a cover letter, no matter your industry or job title.
• What to put on a cover letter to stand out.
• The top skills employers from every industry want to see.
• How to build a cover letter fast with our professional Cover Letter Builder .
• What a cover letter template is, and why you should use it.

Related Cover Letter Examples

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• Fixed Income Analyst Cover Letter Sample
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• Audit Director Cover Letter Sample
• Tax Accountant Cover Letter Sample
• General Accountant Cover Letter Sample
• Accounting Associate Cover Letter Sample
• Portfolio Analyst Cover Letter Sample
• Payroll Accountant Cover Letter Sample
• Account Administrator Cover Letter Sample
• Cost Estimator Cover Letter Sample
• Business Analyst Cover Letter Sample
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Business Banker Cover Letter Sample

Dear Hiring Manager:

I am writing to express my interest in the position of Business Banker with your organization. I have over five years of experience in banking, finance, and customer service, and I am confident that my skills and qualifications are an ideal fit for the role.

I have a Bachelor’s degree in Business Administration, and I am currently working as a Senior Business Banking Officer at ABC Bank. During my tenure, I have successfully managed a portfolio of over 100 commercial accounts, including small businesses, mid-sized companies, and large corporations. I have also been responsible for developing and maintaining relationships with clients and providing specialized banking services.

I am highly skilled in assessing customer needs and providing solutions tailored to their specific requirements. I have a strong understanding of banking regulations, processes, and procedures. I am also proficient in financial analysis, risk management, and loan origination.

In addition to my professional qualifications, I have strong interpersonal skills and the ability to build strong relationships with clients. I am a team player and I am comfortable working in a fast-paced environment. I am committed to providing excellent customer service and I am confident that I can contribute to your team.

I would welcome the opportunity to discuss my qualifications and skills further. Please review my attached resume and I look forward to hearing from you soon.

Sincerely, [Your Name]

Why Do you Need a Business Banker Cover Letter?

• A Business Banker cover letter is an important part of the job application process, as it shows employers that you are serious about the job and that you have taken the time to craft a thoughtful, well-written letter.
• It is an opportunity to demonstrate that you are a good fit for the role, and to highlight your relevant skills and experience that make you a suitable candidate.
• A Business Banker cover letter should also demonstrate your understanding of the role and how you can contribute to the success of the organization.
• It should also be tailored to the specific job you are applying for, as this will show the employer that you have taken the time to research their company and have a clear understanding of the role.
• Overall, a Business Banker cover letter is an important part of your job application, as it gives you the chance to demonstrate why you are the perfect candidate for the role.

A Few Important Rules To Keep In Mind

• Address the letter to the relevant hiring manager or contact person.
• Include an introduction that states why you are writing the letter.
• Summarize your qualifications and experience related to the job.
• Highlight relevant qualifications such as knowledge of banking regulations and familiarity with banking software.
• Indicate your interest in the position and your enthusiasm for the role.
• Close the letter by thanking the hiring manager for their time and consideration.
• Proofread the letter carefully for grammar, spelling, and punctuation errors.

What's The Best Structure For Business Banker Cover Letters?

After creating an impressive Business Banker resume , the next step is crafting a compelling cover letter to accompany your job applications. It's essential to remember that your cover letter should maintain a formal tone and follow a recommended structure. But what exactly does this structure entail, and what key elements should be included in a Business Banker cover letter? Let's explore the guidelines and components that will make your cover letter stand out.

Key Components For Business Banker Cover Letters:

• Your contact information, including the date of writing
• The recipient's details, such as the company's name and the name of the addressee
• A professional greeting or salutation, like "Dear Mr. Levi,"
• An attention-grabbing opening statement to captivate the reader's interest
• A concise paragraph explaining why you are an excellent fit for the role
• Another paragraph highlighting why the position aligns with your career goals and aspirations
• A closing statement that reinforces your enthusiasm and suitability for the role
• A complimentary closing, such as "Regards" or "Sincerely," followed by your name
• An optional postscript (P.S.) to add a brief, impactful note or mention any additional relevant information.

Cover Letter Header

A header in a cover letter should typically include the following information:

• Your Full Name: Begin with your first and last name, written in a clear and legible format.
• Contact Information: Include your phone number, email address, and optionally, your mailing address. Providing multiple methods of contact ensures that the hiring manager can reach you easily.
• Date: Add the date on which you are writing the cover letter. This helps establish the timeline of your application.

It's important to place the header at the top of the cover letter, aligning it to the left or center of the page. This ensures that the reader can quickly identify your contact details and know when the cover letter was written.

Cover Letter Greeting / Salutation

A greeting in a cover letter should contain the following elements:

• Personalized Salutation: Address the hiring manager or the specific recipient of the cover letter by their name. If the name is not mentioned in the job posting or you are unsure about the recipient's name, it's acceptable to use a general salutation such as "Dear Hiring Manager" or "Dear [Company Name] Recruiting Team."
• Professional Tone: Maintain a formal and respectful tone throughout the greeting. Avoid using overly casual language or informal expressions.
• Correct Spelling and Title: Double-check the spelling of the recipient's name and ensure that you use the appropriate title (e.g., Mr., Ms., Dr., or Professor) if applicable. This shows attention to detail and professionalism.

For example, a suitable greeting could be "Dear Ms. Johnson," or "Dear Hiring Manager," depending on the information available. It's important to tailor the greeting to the specific recipient to create a personalized and professional tone for your cover letter.

Cover Letter Introduction

An introduction for a cover letter should capture the reader's attention and provide a brief overview of your background and interest in the position. Here's how an effective introduction should look:

• Opening Statement: Start with a strong opening sentence that immediately grabs the reader's attention. Consider mentioning your enthusiasm for the job opportunity or any specific aspect of the company or organization that sparked your interest.
• Brief Introduction: Provide a concise introduction of yourself and mention the specific position you are applying for. Include any relevant background information, such as your current role, educational background, or notable achievements that are directly related to the position.
• Connection to the Company: Demonstrate your knowledge of the company or organization and establish a connection between your skills and experiences with their mission, values, or industry. Showcasing your understanding and alignment with their goals helps to emphasize your fit for the role.
• Engaging Hook: Consider including a compelling sentence or two that highlights your unique selling points or key qualifications that make you stand out from other candidates. This can be a specific accomplishment, a relevant skill, or an experience that demonstrates your value as a potential employee.
• Transition to the Body: Conclude the introduction by smoothly transitioning to the main body of the cover letter, where you will provide more detailed information about your qualifications, experiences, and how they align with the requirements of the position.

By following these guidelines, your cover letter introduction will make a strong first impression and set the stage for the rest of your application.

Cover Letter Body

Dear Hiring Manager,

I am writing to express my interest in the Business Banker position at ABC Bank. With over five years of experience providing exceptional customer service and financial advice, I am confident that I am the right candidate for the job. I possess the knowledge, skills, and enthusiasm to become an asset to the team.

As a Business Banker, I have extensive experience in managing customer accounts, providing financial advice, and developing relationships with business customers. I have an in-depth understanding of banking regulations and procedures, and I am comfortable working with a wide range of financial products. In addition, I have a proven track record of successfully analyzing customer needs and finding the best financial solutions for them.

In my current role, I have been successful in providing excellent customer service and building strong relationships with business customers. I have a strong understanding of the ever-changing banking industry and I am adept at staying up-to-date on the latest trends and technologies. Furthermore, I have the ability to think on my feet and come up with creative solutions to solve problems.

I am confident that I have the knowledge, skills, and expertise to make an immediate contribution to ABC Bank. I am excited for the opportunity to discuss my qualifications in more detail. Please do not hesitate to contact me with any questions or to arrange an interview.

Complimentary Close

The conclusion and signature of a cover letter provide a final opportunity to leave a positive impression and invite further action. Here's how the conclusion and signature of a cover letter should look:

• Summary of Interest: In the conclusion paragraph, summarize your interest in the position and reiterate your enthusiasm for the opportunity to contribute to the organization or school. Emphasize the value you can bring to the role and briefly mention your key qualifications or unique selling points.
• Appreciation and Gratitude: Express appreciation for the reader's time and consideration in reviewing your application. Thank them for the opportunity to be considered for the position and acknowledge any additional materials or documents you have included, such as references or a portfolio.
• Call to Action: Conclude the cover letter with a clear call to action. Indicate your availability for an interview or express your interest in discussing the opportunity further. Encourage the reader to contact you to schedule a meeting or provide any additional information they may require.
• Complimentary Closing: Choose a professional and appropriate complimentary closing to end your cover letter, such as "Sincerely," "Best Regards," or "Thank you." Ensure the closing reflects the overall tone and formality of the letter.
• Signature: Below the complimentary closing, leave space for your handwritten signature. Sign your name in ink using a legible and professional style. If you are submitting a digital or typed cover letter, you can simply type your full name.
• Typed Name: Beneath your signature, type your full name in a clear and readable font. This allows for easy identification and ensures clarity in case the handwritten signature is not clear.

Common Mistakes to Avoid When Writing a Business Banker Cover Letter

When crafting a cover letter, it's essential to present yourself in the best possible light to potential employers. However, there are common mistakes that can hinder your chances of making a strong impression. By being aware of these pitfalls and avoiding them, you can ensure that your cover letter effectively highlights your qualifications and stands out from the competition. In this article, we will explore some of the most common mistakes to avoid when writing a cover letter, providing you with valuable insights and practical tips to help you create a compelling and impactful introduction that captures the attention of hiring managers. Whether you're a seasoned professional or just starting your career journey, understanding these mistakes will greatly enhance your chances of success in the job application process. So, let's dive in and discover how to steer clear of these common missteps and create a standout cover letter that gets you noticed by potential employers.

• Not personalizing the cover letter to the specific job.
• Using generic language that does not demonstrate knowledge of the company or the job.
• Not providing evidence of skills or accomplishments.
• Not providing contact information.
• Not proofreading the letter for errors.
• Using overly formal language.
• Including irrelevant information.
• Not addressing the letter to a specific person.
• Not explaining why you are the best candidate for the job.
• Failing to explain why you are interested in the job.

Key Takeaways For a Business Banker Cover Letter

• Demonstrate knowledge of banking industry trends and regulations.
• Highlight a comprehensive understanding of the banking sector products, services and processes.
• Mention the ability to analyze customer needs and recommend suitable banking solutions.
• Showcase excellent communication, interpersonal, and problem-solving skills.
• Demonstrate the ability to develop and maintain strong customer relationships.
• Display knowledge of financial analysis techniques and financial statements.
• Mention proficiency in customer service and banking operations.
• Express organizational and time management skills.
• Highlight relevant qualifications for the position.

11 tricks for writing the perfect corporate banking cover letter

Applying for a job as a relationship manager in corporate banking isn’t all about crafting a great CV that shows off your sales statistics. Top biller or not, if you don’t get your cover letter right, hiring managers may not even bother to read your resume.

Corporate banking vacancies increasingly demand experience in specific sectors and products – so generic cover letters no longer cut it. Here are some expert tips that will help you create an effective cover letter for landing a corporate banking job.

1. Treat your cover letter like a sales document

Treat your cover letter just like a corporate banking sales document, keeping your selling points concise and understandable. “Your emphasis should always be on the value you bring in the short and long term to the new bank, whether that’s across relationships, products or sectors,” says Emmanuel White, co-founder of search firm WeLinkTalent in Singapore.

2. Your years go first

Banks often equate the longevity of your client relationships to how likely your clients are to stick with you if you move jobs. So state how long you’ve been an RM for within the first two sentences of your cover letter and also mention the relationship length of one or two of your key clients. “Corporate banks always look first to see if your years of experience match the seniority of the role,” says Lynne Roeder, managing director of recruiters Hays in Singapore.

3. Then your sector

Corporate banking is extremely sector-focused and employers generally want to hire specialists. Don’t rely on your resume to outline the industries you manage clients in – summarise your sectors in your cover letter, says Jasmine Tan, an associate director at Singapore recruitment firm Kerry Consulting.

4. Justify any big moves 

If you’re an expert in one sector applying for a corporate banking job in another, getting your cover letter right is particularly important. “Make sure you state a logical reason for why you want to change your focus – this story needs to make sense in order to avoid any doubt in the hiring manager’s mind,” says White.

5. Clients come next

Leave the details to your CV, but do describe about two of your main clients in your cover letter, says Farida Charania, Asia Pacific CEO of search firm Nastrac Group. Ideally choose profitable clients that you brought to the bank yourself.

6. Add your products

You need to mention the type of products you have expertise in, especially if they are similar to those offered by the new bank. But a sentence is fine – provide more product information in your CV.

7. Choose your numbers carefully

While you don’t want to clutter your cover letter with numbers, it’s important to include two or three of your most impressive figures – for example, your year-on-year sales growth, a rise in revenue from a key client, or a target that you’ve smashed. “Quantifying your achievements with numbers allows you to stand out because banks want to ensure they employ productive RMs,” says Lim Chai Leng, director of banking at recruiters Randstad in Singapore.

8. Explain whether you’re a hunter or a farmer

Hiring managers don’t want to trawl through your CV to find out if you’re a hunter (who brings in new business), a farmer (who manages current clients) or a combination of both. You need to briefly spell this out in your cover letter, says Gary Lai, Southeast Asia managing director at recruiters Charterhouse Partnership.

9. And explain why you want to join it

You may have many reasons for moving to a new RM role, but in your cover letter choose just one and make sure it’s about the new bank, not your current one. “It’s imperative that your future employer understands what your main motivation is and how it fits into your career aspirations long term,” says White from WeLinkTalent.

10. Mention your credit skills in your corporate banking cover letter

Include a sentence explaining the extent of your credit analysis skills. “Corporate banks want the full package – they like to know they can rely on their RMs, even though they have a credit analysis team in the back office,” says Roeder from Hays.

11. Is there room for more achievements?

Your corporate banking cover letter shouldn’t be longer than a page but it’s still worth reviewing the first draft to see whether there’s room to include other key achievements. “These could be landmark deals or unique transactions you’ve worked on – just avoid providing too many small details about the achievements as these can all go into your CV,” says Lim from Randstad.

Image credit: DNY59, Getty

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6 Professional Banking Cover Letter Examples for 2024

Your banking cover letter must immediately highlight your understanding of financial trends and economic regulations. It should demonstrate familiarity with the specific banking institution to which you're applying. Be sure to showcase your previous banking experience and your ability to foster client relationships. Your cover letter needs to reflect both your analytical skills and your commitment to customer service excellence.

All cover letter examples in this guide

Commercial Banking

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Loan Officer

Loan Processor

Phone Banking

Cover letter guide.

Banking Cover Letter Sample

Cover Letter Format

Cover Letter Salutation

Cover Letter Introduction

Cover Letter Body

Cover Letter Closing

No Experience Banking Cover Letter

Key Takeaways

Crafting a banking cover letter can often feel daunting. You might have already dived into job applications, only to realize a punchy cover letter is a must-have. It's not about echoing your resume; it's about showcasing a key professional triumph and bringing your journey to that success to life. Remember, formality is key, but dodging clichés will make you stand out. And keeping it concise to one page is crucial. Let's guide you through writing a cover letter that opens doors.

• Create a banking cover letter to persuade the recruiters you're the best candidate for the role;
• Use industry-leading banking cover letter templates and examples to save time;
• Dedicate your banking cover letter space to your best achievement;
• Make sure your banking cover letter meets recruiters' expectations and standards.

Avoid starting at the blank page for hours by using Enhancv's AI - just upload your resume and your banking cover letter will be ready for you to (tweak and) submit for your dream job.

If the banking isn't exactly the one you're looking for we have a plethora of cover letter examples for jobs like this one:

• Banking resume guide and example
• Financial Accountant cover letter example
• Public Accounting Auditor cover letter example
• Finance Coordinator cover letter example
• Corporate Accounting cover letter example
• Bank Manager cover letter example
• VP of Finance cover letter example
• Tax Manager cover letter example
• Cost Accounting cover letter example
• Finance Manager cover letter example
• Tax Director cover letter example

Banking cover letter example

Alex Johnson

New York, NY

+1-(234)-555-1234

[email protected]

• Explicitly stating relevant previous experience, such as managing relationships with over 500 customers at Chase Bank, provides concrete evidence of capability in the field and assures the hiring manager of the candidate's qualifications for the customer relationship role.
• Quantifying achievements, like citing a 95% customer satisfaction rate and a 30% reduction in customer complaints, helps to objectively demonstrate the candidate's impact and effectiveness in the previous position.
• Identifying a specific initiative, such as leading the integration of a new CRM system, exhibits the candidate’s ability to innovate and improve processes, which could translate into similar successes in the new role.
• Expressing eagerness to apply strategic vision and skills to the potential employer's institution, and aligning personal commitment with the company's core values, shows the hiring manager that the candidate is not only qualified but also genuinely interested in the company's mission.

What about your banking cover letter format: organizing and structuring your information

Here is one secret you should know about your banking cover letter assessment. The Applicant Tracker System (or ATS) won't analyze your cover letter.

You should thus focus on making an excellent impression on recruiters by writing consistent:

• Introduction
• Body paragraphs (and explanation)
• Promise or Call to action
• Signature (that's optional)

Now, let's talk about the design of your banking cover letter.

Ensure all of your paragraphs are single-spaced and have a one-inch margins on all sides (like in our cover letter templates ).

Also, our cover letter builder automatically takes care of the format and comes along with some of the most popular (and modern) fonts like Volkhov, Chivo, and Bitter.

Speaking of fonts, professionals advise you to keep your banking cover letter and resume in the same typography and avoid the over-used Arial or Times New Roman.

When wondering whether you should submit your banking cover letter in Doc or PDF, select the second, as PDF keeps all of your information and design consistent.

The top sections on a banking cover letter

• Header: This should include your contact information, the date, and the employer's contact details, providing a professional appearance and ensuring that the recruiter can easily identify and get in touch with you.
• Greeting: A personalized greeting addressing the hiring manager by name demonstrates that you have done your research and are genuinely interested in the position at their banking institution.
• Introduction: In this section, you should clearly state the banking position you are applying for and give a brief overview of your relevant experience, capturing the recruiter's interest and showing immediate relevance.
• Body: Here, you elaborate on your previous banking experience, quantitative achievements, and understanding of financial principles, showing how your background makes you the right fit for the specific banking role you are pursuing.
• Closing: The closing should reiterate your enthusiasm for the role, include a call to action politely prompting an interview, and thank the hiring manager for considering your application, leaving a professional and courteous final impression.

Key qualities recruiters search for in a candidate’s cover letter

Understanding of Financial Regulations: Banks must adhere strictly to financial regulations, and showing knowledge in this area indicates a candidate's readiness to operate within legal and ethical boundaries.

Attention to Detail: Handling financial transactions requires precision, and even small errors can have significant repercussions, making this trait critical in banking roles.

Customer Service Skills: Bankers often interact with customers, requiring the ability to manage relationships, address concerns effectively, and maintain customer satisfaction and trust.

Sales Experience: Many banking positions have sales components, such as promoting credit cards or loans, hence experience in sales reflects the potential for revenue generation.

Risk Management: The ability to identify and mitigate financial risks is crucial in banking to protect the institution's assets and maintain financial stability.

Numeracy and Analytical Skills: A strong aptitude for numbers and the ability to analyze financial data are essential for making informed decisions in a banking context.

What greeting should you use in your banking cover letter salutation

A simple "Hello" or "Hey" just won't work.

With your banking cover letter salutation , you set the tone of the whole communication.

You should thus address the hiring managers by using their first (or last name) in your greeting.

But how do you find out who's recruiting for the role?

The easiest way is to look up the role on LinkedIn or the corporate website.

Alternatively, you could also contact the organization via social media or email, for more information.

Unable to still obtain the recruiter's name?

Don't go down the "To whom it may concern path". Instead, start your cover letter with a "Dear HR team".

List of salutations you can use

• Dear Hiring Manager,
• Dear [Bank Name] Recruitment Team,
• Dear [Hiring Manager's Name],
• Dear [Department Name] Team,
• Dear Mr./Ms. [Last Name],
• Dear [Position Title] Hiring Committee,

Your banking cover letter intro: showing your interest in the role

On to the actual content of your banking cover letter and the introductory paragraph .

The intro should be no more than two sentences long and presents you in the best light possible.

Use your banking cover letter introduction to prove exactly what interests you in the role or organization. Is it the:

• Company culture;
• Growth opportunities;
• Projects and awards the team worked on/won in the past year;
• Specific technologies the department uses.

When writing your banking cover letter intro, be precise and sound enthusiastic about the role.

Your introduction should hint to recruiters that you're excited about the opportunity and that you possess an array of soft skills, e.g. motivation, determination, work ethic, etc.

Structuring your banking cover letter body to add more value

You've hinted at your value as a professional (this may be your passion for the job or interest in the company) in your introduction.

Next, it's time to pan out the body or middle of your banking cover letter .

When creating your resume, you've probably gone over the advert a million times to select the most relevant skills.

Well, it's time to repeat this activity. Or just copy and paste your previous list of job-crucial requirements.

Then, select one of your past accomplishments, which is relevant and would impress hiring managers.

Write between three and six paragraphs to focus on the value your professional achievement would bring to your potential, new organization.

Tell a story around your success that ultimately shows off your real value as a professional.

Finishing off your banking cover letter with what matters most

So far, you've done a fantastic job in tailoring your banking cover letter for the role and recruiter.

Your final opportunity to make a good impression is your closing paragraph.

And, no, a "Sincerely yours" just won't do, as it sounds too vague and impersonal.

End your banking cover letter with the future in mind.

So, if you get this opportunity, what do you plan to achieve? Be as specific, as possible, of what value you'd bring to the organization.

You could also thank recruiters for their interest in your profile and prompt for follow-up actions (and organizing your first interview).

No experience banking cover letter: making the most out of your profile

Candidates who happen to have no professional experience use their banking cover letter to stand out.

Instead of focusing on a professional achievement, aim to quantify all the relevant, transferrable skills from your life experience.

Once again, the best practice to do so would be to select an accomplishment - from your whole career history.

Another option would be to plan out your career goals and objectives: how do you see yourself growing, as a professional, in the next five years, thanks to this opportunity?

Be precise and concise about your dreams, and align them with the company vision.

Key takeaways

Writing your banking cover letter doesn't need to turn into an endless quest, but instead:

• Create an individual banking cover letter for each role you apply to, based on job criteria (use our builder to transform your resume into a cover letter, which you could edit to match the job);
• Stick with the same font you've used in your resume (e.g. Raleway) and ensure your banking cover letter is single-spaced and has a one-inch margin all around;
• Introduce your enthusiasm for the role or the company at the beginning of your banking cover letter to make a good first impression;
• Align what matters most to the company by selecting just one achievement from your experience, that has taught you valuable skills and knowledge for the job;
• End your banking cover letter like any good story - with a promise for greatness or follow-up for an interview.

Banking cover letter examples

Explore additional banking cover letter samples and guides and see what works for your level of experience or role.

Cover letter examples by industry

AI cover letter writer, powered by ChatGPT

Enhancv harnesses the capabilities of ChatGPT to provide a streamlined interface designed specifically focused on composing a compelling cover letter without the hassle of thinking about formatting and wording.

• Content tailored to the job posting you're applying for
• ChatGPT model specifically trained by Enhancv
• Lightning-fast responses

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Banker Cover Letter Examples

Use these Banker cover letter examples to help you write a powerful cover letter that will separate you from the competition.

Bankers are responsible for lending money to businesses and individuals. They also work with customers to develop financial plans and investment strategies.

To get a job as a banker, you need to have a strong understanding of financial concepts and a passion for helping people reach their financial goals.

Use these examples to write a banker cover letter that stands out from the competition.

Formal/Professional Writing Style Example

With a strong background in finance and a proven track record of successfully managing financial operations, I believe my skills and passion make me the ideal candidate for this role.

I possess a Bachelor’s degree in Finance from XYZ University and have gained over five years of experience in the banking industry, with a focus on financial analysis, risk management, and regulatory compliance. My previous roles as a Financial Analyst and Assistant Controller have prepared me well for the challenges of this position, enabling me to develop competencies such as forecasting, cost reduction, and strategic planning. In my most recent role, I was responsible for managing a team of seven, where I implemented measures that resulted in a cost reduction of 15% and led the successful completion of the annual audit process in collaboration with external auditors.

As a highly organized and detail-oriented individual, I excel at performing complex financial analysis and identifying trends to inform data-driven decision-making. My strong communication skills ensure that I am able to effectively communicate financial insights to stakeholders at all levels of the organization, leading to improved understanding of key performance metrics.

By joining your company, I am excited to contribute my skills and experience to meet and exceed the expectations set for this role. I am highly motivated to contribute to the financial success of your organization and am confident that my dedication to upholding the highest financial standards will make me a valuable asset to your team.

Thank you for considering my application. I am eager to discuss my qualifications further and learn more about the opportunities for professional growth within your organization. Please feel free to contact me at your earliest convenience.

[Your Name]

Entry-Level Writing Style Example

As a recent graduate with a Bachelor’s degree in Business Administration from the University of State, I am eager to begin my career in banking and believe this position at [Bank Name] is a perfect opportunity for me to utilize and expand upon my skills and knowledge.

My educational background has provided me with a strong foundation in finance, accounting, and risk management. Specifically, coursework in financial management, investments, and financial markets has prepared me for analyzing and interpreting financial data. Additionally, I have had the opportunity to participate in an internship with a local financial institution, where I gained valuable experience in customer service and relationship building. This experience has equipped me with the skills to handle customer inquiries, process transactions, and identify the best banking products and services to meet their needs.

I am particularly drawn to [Bank Name] because of your commitment to providing exceptional customer service and your dedication to fostering a supportive and inclusive workplace culture. I believe these values closely align with my own personal and professional goals, and I am confident I can contribute positively to [Bank Name’s] overall success.

I would be thrilled to be given the opportunity to contribute my skills and enthusiasm to your team at [Bank Name]. I have attached my resume and would greatly appreciate the opportunity to discuss my qualifications further in an interview. Thank you for your time and consideration.

Networking/Referral Writing Style Example

I was thrilled to learn about this opportunity through my colleague and friend, Mr. John Doe, who has been working with your team for the past three years as an Investment Analyst. John has always spoken highly of the dynamic work culture and growth opportunities at your bank, and I believe my experience and skills would make me a perfect candidate for this role.

As an individual with over five years of experience working in the banking sector, I have a comprehensive understanding of the various aspects of banking services, including account management, credit analysis, and customer service. I am confident that my ability to communicate effectively with diverse clients, my strong analytical skills, and my drive to provide exceptional customer service will position me for success in this role.

Being referred to your organization by John, who has firsthand knowledge of my work ethics and professional accomplishments, underscores the belief that I have the skills and drive necessary to make a significant contribution to your team.

I am excited about the opportunity to be a part of your esteemed organization and contribute to its growth and success. Please find my resume attached for your review. I would welcome the chance to further discuss my qualifications and how I can add value to your team.

Thank you for considering my application. I look forward to the opportunity to speak with you further.

Enthusiastic/Passionate Writing Style Example

Having admired [Bank Name] for a long time, I am inspired by the innovation, dedication to customer service, and strong commitment to fostering financial inclusion that your institution consistently showcases. I am confident that my skills and eagerness to contribute to your team make me the ideal candidate for this role.

During my time at [Previous Company], I demonstrated my passion for banking by consistently exceeding sales targets, fostering relationships with clients, and actively participating in community outreach programs. I believe these experiences have equipped me with the perfect blend of sales, analytical, and interpersonal skills to excel in this role.

One particular achievement that stands out is my successful implementation of a comprehensive financial literacy program, which not only increased our brand awareness but also empowered numerous individuals to make better financial decisions. I am eager to apply this same dedication and innovative mindset to the Banker role at [Bank Name]. I am certain that my contagious enthusiasm for assisting clients in reaching their financial goals will make me an invaluable addition to your team.

Furthermore, I am dedicated to continually enhancing my banking acumen by staying informed about the latest industry trends, attending relevant workshops, and pursuing new certifications. I am confident in my ability to not only adeptly fulfill the responsibilities of the Banker position but also consistently go above and beyond for the benefit of both [Bank Name] and its clients.

Thank you for considering my application. I am excited about the opportunity to join your esteemed organization and embark on a successful banking career with [Bank Name]. I look forward to the chance to further discuss my qualifications and passion with you during an interview.

Problem-Solving Writing Style Example

Having thoroughly researched your bank’s impressive growth and dedication to customer satisfaction, I have identified two central challenges that I believe my background and expertise can help address: bolstering customer loyalty and adapting to the ever-evolving financial technology landscape.

Firstly, I understand that establishing and maintaining strong relationships with clients is key to customer loyalty and long-term business success. With over six years of experience in the banking sector, I have honed my skills in understanding clients’ financial needs and goals, creating tailor-made solutions and fostering trust through excellent communication and prompt service. My ability to combine in-depth market analysis with a client-centric approach will help your bank not only boost customer satisfaction but also maximize opportunities for financial growth, ultimately reinforcing customer loyalty.

Secondly, to stay competitive in a rapidly changing industry, banks need to adapt to fintech innovations, streamline processes and provide digital products that cater to the changing needs and preferences of customers. In my previous role at XYZ Bank, I was responsible for integrating new technology solutions into our branch offerings, leading to a 20% increase in customer adoption of digital services. My experience in implementing cutting-edge solutions and facilitating training to ensure a smooth transition for staff and customers alike will prove invaluable in your bank’s continuous pursuit of digital excellence.

In summary, I believe my client-focused approach, financial expertise, and experience in digital transformation will make me a valuable addition to your team. I am eager to contribute to your bank’s ongoing success and further enhance customer satisfaction and loyalty. Thank you for considering my application. I look forward to the opportunity to discuss my candidacy further.

[Your name]

Storytelling/Narrative Writing Style Example

Growing up, I had always harbored a deep fascination for numbers and financial matters. This passion, combined with my desire to help others, led me to pursue a career in banking. Let me share with you a story that I believe perfectly encapsulates my dedication to this field.

A few years ago, I found myself in a difficult financial situation. A close friend approached me for help with her struggling small business. With my background in finance and my strong analytical skills, I was confident that I could assist her in turning her business around. I eagerly took up the challenge, putting my knowledge of financial management, budgeting, and cost-cutting techniques to work.

As we delved into the business, I identified several areas where improvements could be made. We negotiated better terms with suppliers, streamlined operations, and implemented a comprehensive financial plan. I even took the initiative to educate my friend on the importance of financial literacy and effective money management, empowering her to make better decisions in the future.

Fast forward a year, and her once-struggling business had become a thriving, profitable venture. The satisfaction of helping someone in need and the joy of witnessing their success fueled my passion for the banking industry even more.

This experience has taught me the power of effective financial management and the profound impact it can have on people’s lives. I am eager to bring my skills, dedication, and passion for helping others to your organization as a Banker.

Thank you for considering my application. I am excited about the opportunity to contribute to your team and am confident that my background in financial management and commitment to customer service make me an excellent candidate for the role. I look forward to the possibility of discussing my qualifications further.

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Banker Cover Letter Examples

A great banker cover letter can help you stand out from the competition when applying for a job. Be sure to tailor your letter to the specific requirements listed in the job description, and highlight your most relevant or exceptional qualifications. The following banker cover letter example can give you some ideas on how to write your own letter.

or download as PDF

Cover Letter Example (Text)

Kadasia Lovendahl

(487) 829-4982

[email protected]

Dear Charlet Sipple,

I am writing to express my genuine interest in the banking position advertised by JPMorgan Chase & Co. With a solid foundation of five years in the financial services industry, primarily gained through my tenure at Wells Fargo & Company, I am excited about the opportunity to contribute to your esteemed institution and further develop my banking expertise.

During my time at Wells Fargo, I have honed my skills in customer service, financial analysis, and risk management. My daily interactions with a diverse clientele have equipped me with the ability to understand and meet clients' financial needs effectively while maintaining a high standard of service. I have been consistently recognized for my ability to build and maintain relationships, leading to increased customer satisfaction and retention.

In addition to my client-facing responsibilities, I have played a key role in cross-functional teams responsible for the development and implementation of strategies that have improved operational efficiency. My proactive approach to identifying and resolving potential issues has resulted in the successful execution of projects that have enhanced the company's product offerings and streamlined processes.

I am particularly drawn to JPMorgan Chase & Co. because of your commitment to innovation and leadership in the financial sector. I am eager to bring my background in fostering client relationships, along with my analytical abilities, to a dynamic and forward-thinking team like yours. I am confident that my experience in managing financial portfolios, coupled with my dedication to providing top-notch banking services, will make a valuable addition to your organization.

Thank you for considering my application. I am looking forward to the possibility of discussing how my background, skills, and enthusiasms align with the goals of JPMorgan Chase & Co. I am eager to contribute to your team and am available at your earliest convenience for an interview.

Warm regards,

Related Cover Letter Examples

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• Investment Banker
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• Phone Banker

Business Banker Cover Letter Example

A cover letter is a document that consists of your significant achievements, essential attributes and skills, scholastic accomplishments, and your work experience. Writing a cover letter just for the sake of fulfilling the official protocol does not help in landing the job you desire. Our Business Banker Cover Letter Sample guides you through creating a high-quality cover letter that would convince the employer to check out your resume.

He establishes a connection with potential companies and assists them in the banking processes. He resolves customer inquiries and ensures customer satisfaction. After examining the documents and verifying the organization’s credibility, he initiates the loan requests. He leads a well-organized team of employees. A Business Banker manages accounts of the corporate clients and helps his consumers in handling their accounts.

• Cover Letters
• Business Development

What to Include in a Business Banker Cover Letter?

Roles and responsibilities.

A Business Banker is an expert whose job is to approach companies and entrepreneurs who need credit to carry out business processes . His motive is to make banking operations accessible to its clients. He provides detailed information to the end-users and suggests various offers that would match their requirements. His work is to understand the company’s needs and advise what type of loan would be suitable for the firm.

• Manage all business and commercial customers for the bank.
• Manage communication between employees and new customers.
• Assist commercial clients with all information for managing accounts .
• Manage efficient working of the team and ensure an optimal level of customer service.
• Provide support to sales and service operations and participate in promotional campaigns and seminars.

Education & Skills

Business Banker Skills :

• Good at determining the company’s needs and requirements regarding the credit.
• Capable of suggesting credit types to the firms that match their needs.
• Technical know-how.
• Able to address the clients’ issues promptly and effectively.

Business Banker Educational Requirement:

• Bachelor’s degree in business or finance or economics.
• Master’s degree in any of the above-mentioned or related fields to secure a higher position.
• Excellent mathematical and accounting skills.

Business Banker Cover Letter Example (Text Version)

Dear Mr./Ms.,

After reading the post about the vacant position of a Business Banker at your firm, I was excited about the valuable opportunity it presents to me; therefore, I am writing this application to bid for the post. My entire experience of 10 years has helped to develop a profound sense of banking policies, customer relations, and market analysis. I am confident that my qualities and qualifications would satisfy the eligibility criteria.

{Company name xxx} has been consistently serving and satisfying its customers. I admire the company’s respect for its employees and how they motivate their staff members to improve their productivity.

The high spots of my career and my skillsets are:

• Master’s degree in accountancy.
• Ten years of experience.
• Great understanding of client relationships.
• Detail-oriented.
• Level headed.
• Excellent analytical skills.
• Lead a team of professionals.

As an experienced Business Banker, I encourage my team members to give the best of their abilities. I focus on providing quality service to my clients. I have a good understanding of the field of marketing, customer service, and mergers. Additionally, I customize the schemes as per the clients’ needs. My skills would contribute to the success of your firm.

Thank you for giving attention to my application. I am Looking forward to joining your organization.

Sincerely, [Your Name]

Tips for Business Banker Cover Letter For College Graduates:

The college graduates can get an edge over other aspirants, by presenting the combination of a unique skill set and a sound understanding of the business banking operations in Business Banker Cover Letter.

A resume comprises your career achievements and advancements. It spotlights the talents and duties you specialize in. With our Business Banker Resume Sample , you will be able to draft an intriguing resume to enclose with your cover letter.

Customize Business Banker Cover Letter

Get hired faster with our free cover letter template designed to land you the perfect position.

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11 tricks for writing the perfect corporate banking cover letter

Applying for a job as a relationship manager in corporate banking isn’t all about crafting a great CV that shows off your sales statistics. Top biller or not, if you don’t get your cover letter right, hiring managers may not even bother to read your resume.

Corporate banking vacancies increasingly demand experience in specific sectors and products – so generic cover letters no longer cut it. Here are some expert tips that will help you create an effective cover letter for landing a corporate banking job.

1. Treat your cover letter like a sales document

Treat your cover letter just like a corporate banking sales document, keeping your selling points concise and understandable. “Your emphasis should always be on the value you bring in the short and long term to the new bank, whether that’s across relationships, products or sectors,” says Emmanuel White, co-founder of search firm WeLinkTalent in Singapore.

2. Your years go first

Banks often equate the longevity of your client relationships to how likely your clients are to stick with you if you move jobs. So state how long you’ve been an RM for within the first two sentences of your cover letter and also mention the relationship length of one or two of your key clients. “Corporate banks always look first to see if your years of experience match the seniority of the role,” says Lynne Roeder, managing director of recruiters Hays in Singapore.

3. Then your sector

Corporate banking is extremely sector-focused and employers generally want to hire specialists. Don’t rely on your resume to outline the industries you manage clients in – summarise your sectors in your cover letter, says Jasmine Tan, an associate director at Singapore recruitment firm Kerry Consulting.

4. Justify any big moves 

If you’re an expert in one sector applying for a corporate banking job in another, getting your cover letter right is particularly important. “Make sure you state a logical reason for why you want to change your focus – this story needs to make sense in order to avoid any doubt in the hiring manager’s mind,” says White.

5. Clients come next

Leave the details to your CV, but do describe about two of your main clients in your cover letter, says Farida Charania, Asia Pacific CEO of search firm Nastrac Group. Ideally choose profitable clients that you brought to the bank yourself.

6. Add your products

You need to mention the type of products you have expertise in, especially if they are similar to those offered by the new bank. But a sentence is fine – provide more product information in your CV.

7. Choose your numbers carefully

While you don’t want to clutter your cover letter with numbers, it’s important to include two or three of your most impressive figures – for example, your year-on-year sales growth, a rise in revenue from a key client, or a target that you’ve smashed. “Quantifying your achievements with numbers allows you to stand out because banks want to ensure they employ productive RMs,” says Lim Chai Leng, director of banking at recruiters Randstad in Singapore.

8. Explain whether you’re a hunter or a farmer

Hiring managers don’t want to trawl through your CV to find out if you’re a hunter (who brings in new business), a farmer (who manages current clients) or a combination of both. You need to briefly spell this out in your cover letter, says Gary Lai, Southeast Asia managing director at recruiters Charterhouse Partnership.

9. And explain why you want to join it

You may have many reasons for moving to a new RM role, but in your cover letter choose just one and make sure it’s about the new bank, not your current one. “It’s imperative that your future employer understands what your main motivation is and how it fits into your career aspirations long term,” says White from WeLinkTalent.

10. Mention your credit skills in your corporate banking cover letter

Include a sentence explaining the extent of your credit analysis skills. “Corporate banks want the full package – they like to know they can rely on their RMs, even though they have a credit analysis team in the back office,” says Roeder from Hays.

11. Is there room for more achievements?

Your corporate banking cover letter shouldn’t be longer than a page but it’s still worth reviewing the first draft to see whether there’s room to include other key achievements. “These could be landmark deals or unique transactions you’ve worked on – just avoid providing too many small details about the achievements as these can all go into your CV,” says Lim from Randstad.

Image credit: DNY59, Getty

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Corporate Bank Cover Letter

15 corporate bank cover letter templates.

How to Write the Corporate Bank Cover Letter

I would like to submit my application for the corporate bank opening. Please accept this letter and the attached resume.

In the previous role, I was responsible for deep technical expertise and insight across Climate Risk, engaging with industry groups to assist in shaping regulation, standards, and guidance.

Please consider my qualifications and experience:

• Enthusiasm for solving problems, digging into issues and owning solutions to completion
• Automation experience with tools such as Fitnesse, Selenium, or unit test frameworks for continuous delivery
• Full-stack design, development and delivery of high-performance large scale technology solutions
• Microsoft .NET development stack including SQL Server
• Good knowledge of key market data offerings such as Bloomberg, ThomsonReuters Elektron/FXT/Eikon, Factset
• All round UNIX / Linux
• Bachelor’s in IT or Software engineering
• Familiarity with JPMC CIB organization preferable

Thank you for taking your time to review my application.

Zion Schiller

• Microsoft Word (.docx) .DOCX
• PDF Document (.pdf) .PDF
• Image File (.png) .PNG

Responsibilities for Corporate Bank Cover Letter

Corporate bank responsible for support on KYC and due diligence activities, by complying with procedures and practices stipulated by the CIB KYC policy.

Corporate Bank Examples

Example of corporate bank cover letter.

In response to your job posting for corporate bank, I am including this letter and my resume for your review.

In the previous role, I was responsible for colorado Spring area expertise to LM business areas program and business development staff and Government Affairs to assist in the pursuit of new programs, products, services, technologies, and capabilities.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Strong interpersonal and communication skills - deal with all LOBs, and partner with Team management, Transaction Team, and Control & Support Team members
• Interest in the review of complex deal structures, strong analytical skills
• Willingness to explore the broader policy, reputation, precedent or cross business perspectives of issues to consider and develop a strategic perspective
• Strong organizational skills – organized and disciplined approach to tasks and projects
• Knowledge of the asset management industry (hedge funds, private equity)
• Proven relationship management skills across all levels
• Comfortable with developing and managing projects across a large group of stakeholders
• Assist with building and developing coverage of the Global Corporate Bank selected clients working and coordinating with the line of business partners such as Debt Capital Markets, Markets, TS, Asset Management and Investment Bank Client Executives where such coverage exists

Thank you in advance for reviewing my candidacy for this position.

Baylor Pollich

I submit this application to express my sincere interest in the corporate bank position.

In the previous role, I was responsible for end to end annual compensation planning support for the global Markets and Investor Services businesses, including coordinating process for multiple lines of business and across regions.

My experience is an excellent fit for the list of requirements in this job:

• Proficiency with Microsoft Office software, especially Excel, Powerpoint, Word and Outlook
• Possess a positive outlook and understand personal impact in a team environment
• Strong track record of managing high quality internship and pipeline programmes
• Demonstrated knowledge of recruiting lifecycle and developing talent pipelines
• Extensive development experience in either server side Java environment or full-stack with restful services and front-end framework (Angular)
• Extensive experience with data structures and algorithms
• Extensive development experience in relational databases (MS SQL Server or Oracle)
• Experience with workflows (IBM BPM or Activiti)

Avery Kuhlman

In my previous role, I was responsible for consultation and advice to all levels of management through independent review of procedures, practices, controls, and documentation.

• Excellent written and oral communication in English and Japanese
• Experience working with Japanese corporate clients
• Experience living and working in Japan
• Ensure all communications follow internal communications governance
• Think creatively and solve problems with tight deadlines
• Deliver issue and crisis management communications
• Remain cool, calm and collected and maintain a sense of perspective
• Understand Barclays’ strategy, services and structure

Thank you for considering me to become a member of your team.

Morgan Kutch

Previously, I was responsible for management with timely reviews of the Bank's financial status and progress in its various programs and activities.

Please consider my experience and qualifications for this position:

• Sophomore or Junior working enrolled in an undergraduate program in marketing communications, hospitality management, human resources management, or other related major
• Collaborate with the client, product owner, and team members to refine and design application features with business value
• Strong track record of delivering results in a fast-paced, complex, professional services setting
• Successful change management experience, both in process execution and strategic planning
• Demonstrated knowledge of the recruiting lifecycle and developing talent pipelines
• Outstanding relationship development and management skills
• Works collaboratively and develops strong relationships across a global organization
• Possess resilience and flexibility and a certain level of comfort with ambiguity and change

Thank you for your time and consideration.

I am excited to be applying for the position of corporate bank. Please accept this letter and the attached resume as my interest in this position.

Previously, I was responsible for technical expertise and support to client, IT management and other staff in risk assessments, implementation and operational aspects of appropriate information security procedures and products.

• Experience with enterprise design patterns and implementation
• Role is based in New Jersey, but will require working out of the mid-town New York office at times
• Analyse business and industry requirements and translate them into functional and technical specifications
• Lead and deliver project change to meet business and industry requirements
• Promotes IT policy awareness, monitors and/or tracks and reports on compliance with established IT
• Control policies, processes and procedures
• Has knowledge of Expense policy, Patrol, Cross Border and Charitable Contributions (internal)
• Ownership approach to all tasks and confidence to help drive senior principal’s agenda

Ryan Heidenreich

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Freeland's new federal budget hikes taxes on the rich to cover billions in new spending

With interest rates running high, cost to service the national debt surpasses federal health care spending.

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HIGHLIGHTS:

• Ottawa to spend $52.9 billion more than planned over the next five years.
• Finance Minister Chrystia Freeland projects Ottawa will post a $40 billion deficit this fiscal year.
• The budget includes $8.5 billion in new spending for housing.
• Other major budget items include a $6 billion Canada Disability Benefit, a $1 billion national school food program and a $500-million fund for youth mental health.
• Freeland will hike capital gain taxes paid by the rich and corporations to collect an estimated $19 billion in new revenue.
• The cost to service the growing national debt has increased substantially — it's now about $2 billion more than it was projected to be just a few months ago.
• The government will spend more on servicing its debt than on health care this year.

Finance Minister Chrystia Freeland's fourth budget delivers a big-ticket housing program for millennials and Generation Z voters — a multi-billion dollar commitment to be paid for in part with a tax hike on the rich and corporate Canada.

Freeland's document calls for about $52.9 billion in new spending over the next five years — a significant jump over what Ottawa had said it would spend in the fall economic statement released just a few months ago.

To offset some of that new spending, Freeland is pitching policy changes the government says will generate roughly $21.9 billion in new revenue. That money is to come in part from higher capital gains taxes and a hike to excise taxes on cigarettes and vaping products.

"We are making Canada's tax system more fair by ensuring that the very wealthiest pay their fair share," Freeland said Tuesday after tabling her budget in Parliament.

"We are doing this because a fair chance to build a good, middle class life — to do as well as your parents, and grandparents, or better — has always been the promise of Canada."

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The result is a projected budget deficit of about $40 billion in the 2024-25 fiscal year — roughly what Freeland had predicted.

While the government is spending more overall, it says that better-than-expected economic growth and higher taxes will keep the deficit under control.

The Liberal government's preferred "fiscal anchor" — the budget benchmark that guides its decisions — has long been to keep the net debt-to-GDP ratio on a declining trend, with debt levels closely tracking the overall size of the economy.

The budget document says the government must meet that benchmark in the years ahead to retain Canada's triple-A credit rating.

Debt charges soar

Deficits eventually roll over into long-term debt. The cost to finance Canada's growing debt pile — which has more than doubled over the last nine years to $1.4 trillion — is eating up more and more taxpayer dollars as the government is forced to refinance its borrowing at higher rates.

Public debt charges will cost $2 billion more this year than the forecast in November as the Bank of Canada keeps rates relatively high to tame inflation — which has shown signs of slowing down.

• Liberals pledge $9B in new money for Indigenous communities in 2024 budget

With interest rates at a 20-year high, Ottawa's cost to borrow has spiked from $20.3 billion in 2020-21 to $54.1 billion in 2024-25.

That means Ottawa will spend more to service its debt than it will on health care this year — and the debt charges will march even higher in the years ahead.

Carrying the debt is expected to cost the federal treasury $64.3 billion in 2028-29 — more than double what Ottawa sends to the provinces through equalization payments.

"The interest rates are hurting the government just as much as they're hurting us consumers," said Sahir Khan, a former deputy parliamentary budget officer and the executive vice-president of the uOttawa Institute of Fiscal Studies and Democracy.

"It's now a meaningful amount relative to other spending pressures and it's going to start squeezing other programs. The government built up a stock of debt subject to prevailing interest rates and that creates a risk."

Billions more for housing

The budget allocates $8.5 billion more to housing to help alleviate a crisis that has locked a generation of young people out of the dream of home ownership. The government maintains its housing measures will drive the creation of roughly four million more homes by 2031.

New investment to lead 'housing revolution in Canada,' Freeland says

Freeland has freed up money to send more cash to municipalities through the Housing Accelerator Fund, build more homes on underused public lands and at Canada Post outlets, cut cheques for new water and solid waste infrastructure in growing communities , offer tens of billions of dollars in loans to spur new rental construction and secondary suites, and help non-profits acquire existing rental homes and keep them affordable.

"We are moving with purpose to help build more homes, faster. We are making life cost less," Freeland said. "Millennial and Gen Z Canadians, we want them to look forward to the future with a sense of anticipation, not angst."

The government also has committed to maintaining the already well-subscribed tax-free savings account , extending mortgage amortization terms and increasing the RRSP withdrawal limit for some first-home buyers, among other measures.

The housing program is a "home run," said Armine Yalnizyan, a progressive economist and the Atkinson Fellow on the Future of Workers.

Yalnizyan said Conservative Leader Pierre Poilievre's early focus on housing hurt the Liberals' standing among some millennial voters.

Now, the Liberals are trying to reclaim some of those votes with an ambitious program which, if it's carried out as planned, will meaningfully increase the country's housing supply, she said.

"It's really an attempt to stop the Conservatives from eating their lunch," she said.

A tax hike on the rich

As Ottawa moves to remake the housing landscape, roll out a national dental care program and launch pharmacare , Freeland's budget includes a number of targeted tax hikes that it says will yield some $21.9 billion in new revenue over the next five years.

The biggest windfall will come from an increase to the capital gains inclusion rate.

Under the current regime, only 50 per cent of capital gains are taxable. If a taxpayer sells an asset like a cottage, an investment property, a stock or mutual fund for $100,000 more than they paid, they are taxed only on $50,000 of that profit.

With this new budget, the "inclusion rate" will increase from one-half to two-thirds on capital gains above $250,000 per year for individuals, and on all capital gains realized by corporations and trusts.

The move is likely to be seen by business-friendly groups as an attack on the people and businesses that create jobs.

Freeland said she anticipates some blowback.

"I know there will be many voices raised in protest. No one likes paying more tax, even — or perhaps particularly — those who can afford it the most," she said.

"Tax policy is not only, or chiefly, the province of accountants or economists. It belongs to all of us because it is how we decide what kind of country we want to live in and what kind of country we want to build."

The NDP — the government's partner in the supply-and-confidence agreement — likely will welcome the change; party leader Jagmeet Singh has said the wealthy and big corporations should shoulder more of the country's tax burden.

"We are asking the wealthiest Canadians to contribute a bit more, so that we can make investments to ensure a fair chance for every generation," the budget document says. "Canada's tax system can be more fair."

The change will not apply to any capital gains from the sale of a primary residence. Investment income earned in an RRSP or TFSA, including capital gains, also will not be taxed.

According to government data, only 0.13 per cent of Canadians — people with an average income of about $1.4 million a year — are expected to pay more in personal income tax on their capital gains as a result of this change.

Jimmy Jean, an economist at Desjardins who tracks Ottawa's spending, said the federal government's goal of collecting about $19 billion from the capital gains measure may be difficult to achieve.

"The jury's out on whether they can get that much," Jean said.

"Targeting the income and wealth of the wealthy — it's difficult because it's more mobile, they can move it around. I'm skeptical."

Other new revenue-generating measures in the budget include a promise to crack down on bankruptcy fraud and tackle "aggressive tax planning schemes."

Beyond housing, there's also a promise to top up the incentives for zero-emission vehicles, deliver a new carbon tax rebate for small businesses, stand up an $800-million energy efficiency retrofit program, increase student grants, create a $500-million fund for youth mental health , launch a $6 billion Canada Disability Benefit, fund a $1 billion national school food program and deliver a $900-million top-up to the Indigenous infrastructure program .

CBC/Radio-Canada will get a one-off $42 million budget boost for news and entertainment programming — a cash injection that will help the company avoid some of the previously announced layoffs .

VIA Rail Canada stands to gain about $400 million over the next few years to turn the dream of high-frequency rail in central Canada into a reality.

What's in the new federal budget?

Poilievre blasts budget, singh stays noncommittal.

Poilievre pilloried the budget and said his party would vote against it.

Speaking in the House of Commons, the Conservative leader said the Liberal government has never presented a balanced budget in all the years it's been in office and the promised $40 billion in new spending will drive inflation higher.

"This is the ninth deficit. The ninth deficit after the prime minister promised the budget would balance itself and what did he do with the money? Everything he spent it on has become more expensive," Poilievre said.

"This is like a pyromaniac spraying gas on the inflationary fire that he lit. It is getting too hot and too expensive for Canadians and that's why we need a carbon tax election to replace him with a common sense Conservative government."

Conservative leader rises in House of Commons to reject Liberal budget

Singh, meanwhile, said it's too early to say if his party will support the budget.

While he praised some measures he said his party forced the government to include, such as dental care, pharmacare and a national school food program, Singh said he wants to meet with Trudeau to raise some other "concerns" before making a final decision.

Singh said he's not onside with a plan to cut about 5,000 public servants through attrition — the federal bureaucracy has grown to about 357,247 workers under Trudeau — and he said there's inadequate funding for Indigenous peoples.

Liberals 'ignored opportunity' in budget to tackle corporate greed, NDP says

If Singh and his NDP MPs withhold their votes, the minority government could lose the confidence of the House of Commons, tipping the country into an early election.

While the capital gains tax increase will cost the country's big businesses billions more than what they pay now, Singh said "the Liberals ignored the opportunity to take on corporate greed."

Singh said the companies he blames for inflation — grocery store chains, telecommunications companies and "housing and corporate landlords" — should have faced tax hikes.

Green Party Leader Elizabeth May said her caucus will vote against Freeland's budget.

She said the government's planned disability benefit, which amounts to about $200 a month for eligible Canadians, is too low.

May also said there's not enough money earmarked for social housing — just more loans for developers to build more affordable homes.

"The budget falls far short of our hopes," May said. "It's not meeting the moment. We need dramatic, transformative changes to our society to be able to afford the things we need."

ABOUT THE AUTHOR

Senior reporter

J.P. Tasker is a journalist in CBC's parliamentary bureau who reports for digital, radio and television. He is also a regular panellist on CBC News Network's Power & Politics. He covers the Conservative Party, Canada-U.S. relations, Crown-Indigenous affairs, climate change, health policy and the Senate. You can send story ideas and tips to J.P. at [email protected].

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