December 03, 2016 5:41 PM ET


Company Overview of La Caisse Centrale Desjardins Du Québec

Company Overview

La Caisse centrale Desjardins du Québec, a cooperative institution, offers financial services to the Desjardins group, governments, public and parapublic sector organizations, individuals, medium-sized businesses, and large corporations in Canada. The company provides personal products and services, including checking, savings, youth and student, and U.S dollar accounts; credit cards, prepaid cards, private-label credit cards, student loans and credit, lines of credit, registered retirement savings plan (RRSP) loans, auto and other vehicles loans, mortgages, personal loans, and loan portfolio management; and guaranteed fixed-rate investments, market-linked guaranteed investments, mutual fund...

1170 Peel Street

Suite 600

Montreal, QC H3B 0B1


Founded in 1979





Key Executives for La Caisse Centrale Desjardins Du Québec

Chairman, Chief Executive Officer and President
Age: 45
Chief Financial Officer, Senior Vice President of Finance and Chief Financial Officer of Desjardins Group
Senior Vice President of Operations & Performance
Managing Director, Independent Director and Member of Audit Commission
Senior Vice-President of Business, Card & Payment Services
Compensation as of Fiscal Year 2016.

La Caisse Centrale Desjardins Du Québec Key Developments

Caisse Centrale Desjardins Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Caisse Centrale Desjardins reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. At the end of the third quarter ended September 30, 2016, the company recorded net income of CAD 73.97 million against CAD 52.20 million reported for the same quarter of 2015. This increase was primarily due to growth in income generated by the Desjardins Group Treasury segment, since portfolio managers were able to take full advantage of market conditions during the quarter. Net interest income was at CAD 88.105 million against CAD 79.263 million reported last year. Total income was at CAD 125.88 million against CAD 101.86 million reported last year. Operating income before other payments to the Desjardins network was at CAD 84.23 million against CAD 62.329 million reported last year. For the nine months ended September 30, 2016, the company recorded net income of CAD 226.93 million against CAD 192.28 reported for the same period in 2015. Net interest income was at CAD 270.873 million against CAD 236.29 million reported last year. Total income was at CAD 374.19 million against CAD 345.25 million reported last year. Operating income before other payments to the Desjardins network was at CAD 261.03 million against CAD 223.21 million reported last year.

La Caisse centrale Desjd du Quebec Announces Executive Changes, Effective April 9, 2016

On 19 March 2016, the 256 Desjardins officers from Québec and Ontario that make up the organization's Electoral College elected Guy Cormier as La Caisse centrale Desjd du Quebec's new Chair of the Board, President and CEO. Mr. Cormier, currently Senior Vice-President, Cooperative Network and Personal Services, takes over from Monique F. Leroux, who has led the organization since March 2008. Mr. Cormier will begin his four year term at Desjardins group's annual general meetings on 9 April 2016. Mr. Cormier has been with Desjardins since 1992. Between 2009 and 2012, he held the title of Vice President of Cooperative Network Finance prior to being appointed Senior Vice President of the Cooperative Network in April 2012. Mr. Cormier is also responsible for the Cooperation and Network Liaison Commission, is a coleader of the Member/Client Experience Program, a member of the Desjardins Group Finance and Risk Committee as well as the Desjardins Group Business Development Committee.

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