Laurentian Bank Gaining Altitude - The Organization Releases Its 2012 Annual
MONTREAL, Dec. 7, 2012 /CNW Telbec/ - Laurentian Bank is pleased to announce
that its Annual Report for the fiscal year ended October 31, 2012 is now
available under the Laurentian Bank tab of the Investors section of its Web
Laurentian Bank President and CEO, Mr. Réjean Robitaille, underlined his
satisfaction with the progress made by the institution, "Fiscal 2012 was the
continuation of the positive momentum that has driven the organization forward
over the last number of years. In fact, the Bank's assets have doubled during
the past five years, now standing at $35 billion. Moreover, we have
diversified our activities by sector and by geographical region such that,
today, we enjoy a presence that is veritably pan-Canadian, with 39% of our
loans and 53% of our profitability originating from outside Québec."
More of Mr. Robitaille's observations about the Bank's accomplishments can be
heard in a video posted online at
Following are some pertinent facts and figures related to the Bank's evolution:
-- Laurentian Bank is recognized for the quality of its services,
as evidenced by the level of satisfaction among its retail
clients conducting business in its Québec branch network,
reaching 95%. Laurentian Bank operates the third largest retail
branch network in the province.
-- The SME-Québec sector loan portfolio has doubled in volume over
the past five years. The sector's clients are served by 24
offices in the province.
-- The B2B Bank subsidiary has posted impressive growth over the
past few years, with its loan portfolio today totalling $9.3
billion, its deposits at $13 billion, and its assets under
management being in the order of $23.8 billion.
-- Operating 14 offices in four provinces, the Real Estate and
Commercial sector's activities are very diversified. A total of
56% of the sector's loans originate from Ontario, 33% from
Québec, and 11% from Western Canada and the Atlantic provinces.
-- The Laurentian Bank Securities (LBS) subsidiary opened an
office in Winnipeg in 2012, thereby reinforcing its presence
outside Québec. LBS has close to 100 investment advisors within
its ranks and is recognized for its fixed income institutional
brokerage services across Canada, as well as for its
specialization among small cap companies.
-- The Bank completed issuances of capital totalling $482 million
in 2012, which demonstrates the confidence of investors and
financial markets in the institution's accomplishments over the
past several years.
-- The Bank was among the 10 winners in 2012 of Knightsbridge
Strategic Talent's Canada's Passion Capitalists program, which
recognizes organizations that strive to and succeed in
promoting their passion and generating the energy, intensity
and perseverance necessary to achieve superior results.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has
nearly $35 billion in balance sheet assets and $33billion in assets under
administration. Founded in 1846, Laurentian Bank was selected in 2012 as one
of the 10 winners of the Canada's Passion Capitalists program in recognition
of its sustained success through the promotion of passion within its ranks.
The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity, Laurentian
Bank serves more than one million clients in market segments in which it holds
an enviable position. In addition to occupying a choice position among
consumers in Québec, where it operates the third largest branch network, the
Bank has built a solid reputation across Canada in the area of real estate and
commercial financing thanks to its teams working out of more than 35 offices
in Ontario, Québec, Alberta and British Columbia. Its subsidiary, B2B Bank,
is a Canadian leader in providing banking products as well as investment
accounts and services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker, widely recognized for its expertise and
Manon Stébenne Senior Manager Media and Public Relations 514284-4500,
extension 8232 email@example.com
Video with caption: "Video: Laurentian Bank 2012 Annual report: Take a look at
Réjean Robitaille's comments, President and CEO". Video available at:
PDF available at:
SOURCE: Laurentian Bank of Canada
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