How big are the assets of the Exchange Bank?

Written by Admin | Last Updated: July 2026

The Grand Banks of Newfoundland comprise a vast plateau of underwater plateaus and continental shelves southeast of Newfoundland, spanning an immense area of approximately 282,000 square kilometers. Historically renowned as one of the richest fishing grounds in the entire world, this marine region features shallow waters that mix cold and warm currents, creating ideal conditions for rich marine biodiversity, commercial fisheries, and substantial offshore petroleum resource deposits.

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