MONTREAL, May 3, 2013 /CNW Telbec/ - National Bank has been named one of
the 20 strongest banks in the world by internationally renowned Bloomberg Markets magazine for the third year running. This is an exceptional
accomplishment, further to the Bank's massive investments in its
development and enhancing its client service offering.
"National Bank ended its most recent quarter with record-breaking
financial performance in addition to having one of the best track
records in Canada for loan losses. The latest ranking by Bloomberg Markets confirms that the Bank is well positioned to continue being a key
economic and social driver for all its stakeholders," stated Louis
Vachon, President and Chief Executive Officer.
Bloomberg based its ranking on the following five criteria: Tier 1
capital ratio; (2) non-performing assets to total assets; (3) loan loss
reserves to non-performing assets; (4) stability, measured in terms of
the ratio of deposits to funding; and (5) efficiency.
This distinction follows closely on the heels of Bloomberg Markets recognition of National Bank as one of the top 40 greenest banks in the
world for a second consecutive year, and was earned as a result of the
many partnerships National Bank has forged with organizations and
businesses over numerous years to promote initiatives that further
sustainable community development.
In recent months, the Bank also earned many accolades for the quality of
its products and services, human resources management practices and
social engagement, including the:
Best Employers in Quebec (Aon Hewitt)
Best Employer for New Canadians (Mediacorp Canada)
Canada's Best Diversity Employers (Mediacorp Canada)
Canada's 10 Most Admired Corporate CulturesTM (Waterstone Human Capital)
50 Best Employers in Canada (Aon Hewitt)
Best Canadian Brands (Interbrand)
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 has been named among the 20 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 commitment.nationalbank.ca.
SOURCE: National Bank of Canada
For further information:
(The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Assistant Vice-President - Public Affairs