Maximizing our potential - Laurentian Bank Holds Its Annual Meeting

 Maximizing our potential - Laurentian Bank Holds Its Annual Meeting  MONTREAL, April 2, 2014 /CNW Telbec/ - During Laurentian Bank's Annual Meeting  of Shareholders held today at the Monument-National, the Bank's management  presented a review of the results posted during the fiscal year ended October  31, 2013, as well as an overview of the strategies that will guide the future  actions of its business segments.  Seven Consecutive Years of Record Results  Once again in 2013, the Bank posted solid results. "Our results are  attributable to the complementarity and geographic diversity of our  activities, the positive impact of our acquisitions and partnerships, our  quality of execution, and our highly targeted strategy," underlined Réjean  Robitaille, President and CEO of the Bank, during the Annual Meeting.  "Laurentian Bank now ranks 36(th) among the 7,000 or so banks in North  America."  Business Services Growing Strong  The Bank's commercial activities, which concentrate on small and medium-sized  enterprises and real estate developers, registered strong growth. Over the  past five years, commercial loans increased by 85%, exceeding the $5 billion  mark in fiscal 2013.  Backed by its specialized teams, the Bank targets business clients operating  in certain specific niches, such as renewable energy, agro-food processing,  aeronautics, health care services and public-private partnerships, etc. With  an aim to expand its line of financing products, the Bank introduced leasing  solutions in 2013, becoming the first Québec bank to do so.  Successful Integrations for B2B Bank  During the past fiscal year, B2B Bank concentrated its efforts on the  integration of its two acquisitions — MRS Companies and AGF Trust. The  employees of B2B Bank and the two acquired companies are all now located in a  single office in the heart of Toronto's financial district. In the wake of  these acquisitions, total loans and bankers' acceptances grew by 61% to reach  $9.0 billion, while assets under administration increased eightfold, rising  from $3.5 billion to $28.7 billion. Serving more than 27,000 financial  advisors and brokers, B2B Bank is now a pan-Canadian reference in its field  recognized for the competitiveness of its products and services.  Constantly Improving Retail Services  Laurentian Bank continued to invest in the modernization of its retail  services, with the launch of a new transactional platform on the Internet. The  organization also improved its product and service offerings in the investment  and Wealth Management. Moreover, the Bank concluded two important partnerships  in 2013 with the FADOQ Network and the Réseau des ingénieurs du Québec  respectively, which provide it with access to large pools of potential  clients. At the same time, the simplification of the sector's methods and  processes will enable advisors to devote more of their time to counselling  their clients throughout all cycles of their financial life.  Laurentian Bank Securities Affirms Its Position  A key player in fixed income products throughout Canada, Laurentian Bank  Securities (LBS) stands out thanks to its solid reputation and its team. With  the organization of its first conference for institutional investors focused  on small-cap companies, which will be held in Montréal on April 10, LBS is  further enhancing its position as a choice firm within the small-cap business  niche.  About Laurentian Bank Laurentian Bank of Canada is a banking institution whose activities extend  across Canada. Recognized for its excellent service, proximity and simplicity,  the Bank serves one and a half million clients throughout the country. Founded  in 1846, the Bank is among the 2014 edition of the Montréal's Top Employers  competition, which showcases the city's top 25 companies offering enviable  places to work. It currently employs some 3,800 people whose talent and  dedication has made it a major player in numerous market segments.  Laurentian Bank distinguishes itself through the excellence of its execution  and its agility. Catering to the needs of retail clients via its extensive  branch network and constantly evolving virtual offerings, the Bank has also  earned a solid reputation among SMEs, larger businesses and real estate  developers thanks to its growing presence across Canada and its specialized  teams in Ontario, Québec, Alberta and British Columbia. For its part, the  organization's B2B Bank subsidiary is a Canadian leader in providing banking  and investment products and services to financial advisors and brokers, while  Laurentian Bank Securities is an integrated broker that is also widely known  for its expert and effective services nationwide. The institution has more  than $33 billion in balance sheet assets and more than $39 billion in assets  under administration.    SOURCE  Laurentian Bank of Canada  Gladys Caron Vice-President, Public Affairs, Communications and Investor  Relations Office: (514) 284-4500, ext. 7511 gladys.caron@banquelaurentienne.ca  Image with caption: "Réjean Robitaille, President and Chief Executive Officer  of the Laurentian Bank during the Annual Meeting of Shareholders (CNW  Group/Laurentian Bank of Canada)". Image available at:   http://photos.newswire.ca/images/download/20140402_C8140_PHOTO_EN_38765.jpg  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/April2014/02/c8140.html  CO: Laurentian Bank of Canada ST: Quebec NI: FIN ERN DIV FIN  
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