National Bank Annual Meeting of Shareholders: Excellent Overall Performance in
MONTREAL, April 24, 2013 /CNW Telbec/ - National Bank is proud to be holding
its Annual Meeting of Shareholders for the first time ever in New Brunswick,
where it has had a presence for more than 100 years. Louis Vachon, President
and Chief Executive Officer of National Bank, presented a very positive
picture of the 2012 fiscal year during his speech at the Capitol Theatre in
"Once again, the Bank posted record financial results, as well as deployed
different initiatives in order to roll out the red carpet for our clients. We
also made the largest corporate donation in our history for the next
generation of entrepreneurs, and we have reiterated our support for young
people with our "One for Youth" program, stated Mr. Vachon.
He wrapped up his speech by mentioning that the Bank is well positioned to
grow in the current climate of moderate economic expansion in 2013: "National
Bank is a unique institution and we are approaching this fiscal year with the
same desire to continue making a valuable contribution to economic and social
development in Quebec and across Canada."
In 2012, National Bank continued playing its role as a strong economic and
social driver for all of its stakeholders. Here are a few examples:
For its shareholders
-- Record net results and an 11% dividend increase.
-- Solid performance in our three main business lines - Personal
and Commercial Banking, Wealth Management and Financial
For its clients
-- $55 billion in debt financing granted to businesses across the
-- Invested more than $25 million to upgrade its branch network,
with 25 improvement initiatives carried out in 2012.
-- Extended business hours, with 150 branches open on Saturdays
throughout the year.
For its employees
-- $1.9 billion paid in salaries and benefits to its nearly 20,000
employees, as part of its competitive total compensation
-- Recognized in many rankings as a top employer(1).
For the community
-- The Bank kept up its tradition of promoting tomorrow's
entrepreneurs by making a $10 million donation—the
largest in its history—to Campus Montréal (which consists
of HEC Montréal, Polytechnique Montréal and Université de
Montréal). The funds will go toward the creation of an
-- The Bank also launched its "One for Youth" Program, which aims
to help young people, from birth to adulthood, reach their full
About National Bank of Canada
With $184 billion in assets as at January 31, 2013, National Bank of Canada
(www.nbc.ca), together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and was named among the five strongest banks in
the world by Bloomberg Markets. The Bank has close to 20,000 employees and is
widely recognized as a top employer. Its securities are listed on the Toronto
Stock Exchange (TSX: NA). Follow the Bank's activities via social media and
learn more about its extensive community involvement at clearfacts.ca and
(1) In 2012, National Bank appeared in the following rankings: Canada's 10
Most Admired Corporate Cultures(TM); 50Best Employers in Canada; Canada's
Best Diversity Employers; Best Canadian Brands; World's Strongest Banks; Best
Employers in Quebec.
(The telephone number provided below is for the exclusive use of journalists
and other media representatives.):
Marie-Pierre Jodoin Senior Advisor - Public Affairs National Bank Tel.:
SOURCE: National Bank of Canada
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-0- Apr/24/2013 12:30 GMT
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