MONTREAL, Feb. 3 /CNW Telbec/ - Mr. Réjean Robitaille, President and
Chief Executive Officer of the Laurentian Bank, has ranked 4th among
the most influential people in Québec's financial sector in 2010. This
is the 3rd year in a row that Mr. Robitaille is honoured within the
illustrious top five.
Réjean Robitaille's able leadership became particularly apparent towards
the end of the 2010 fiscal year, as earnings per share, based on
continuing operations, rose by 21%, and profits increased by 11%. In
addition, since 2007, net earnings from continuing operations have
increased 36%, reaching 122.9 million at the end of the last fiscal
year. These excellent results are the product of a well-implemented,
highly effective business plan.
"The Bank has posted record profits over the course of the last five
fiscal years," says Mr. Robitaille. "We are also the only Canadian bank
to have recorded an increase in earnings per share during each of the
past six years. I commend all of our employees for their ongoing
contributions to our outstanding success."
In 2010, the Laurentian Bank continued to distinguish itself by its
proximity to its clientele and the excellence of its service, as well
as its unique positioning in a growing market. With the 3rd most
important branch network in Quebec, the bank offers services that are
much appreciated by individuals, as well as, small- and medium-sized
businesses. The Bank's various other sectors also continue to excel:
B2B Trust is the leading provider for brokers in Canada; the Real
Estate and Commercial sector is a highly sought-after source of funding
in the Canadian real estate and commercial markets; and Laurentian Bank
Securities offers a complete range of brokerage services.
Laurentian Bank Career Station: An innovation in the recruitment industry
Among 2010's many highlights is the Laurentian Bank's innovative new
method for recruiting candidates. The Laurentian Bank Career Station is
a permanent recruitment center located in the Berri-UQAM metro station,
with a team of talented recruiters permanently on site to attract new
talent, and offer a wide range of services and banking advice. To view
images or a video of the Career Station, go to: http://smr.newswire.ca/en/banque-laurentienne-du-canada/station-carriere-banque-laurentienne
The Laurentian Bank intends to maintain its growth in 2011: "We are very
pleased to have registered another record year in terms of profits,"
asserts Réjean Robitaille. "Considering our strong business plan,
rigorous financial management and steadfast commitment to our goal, the
bank's future is a very promising one."
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services.
Distinguishing itself through excellence in service, as well as through
its simplicity and proximity, the Bank serves individual consumers and
small and medium-sized businesses. The Bank also offers its products to
a wide network of independent financial intermediaries through B2B
Trust, as well as full-service brokerage solutions through Laurentian
Laurentian Bank is well established in the Province of Quebec, operating
the third-largest retail branch network. Elsewhere throughout Canada,
it operates in specific market segments where it holds an enviable
position. Laurentian Bank of Canada has more than $23 billion in
balance sheet assets and more than $15 billion in assets under
administration. Founded in 1846, the Bank employs more than 3,600
SOURCE LAURENTIAN BANK OF CANADA
For further information:
Public Relations Advisor
514 284-4500, extension 4695