MONTREAL, Jan. 28 /CNW Telbec/ - Laurentian Bank today announces that its
Annual Report for the fiscal year ended October 31, 2008 is now available on
its web site.
Laurentian Bank's 2008 Annual Report outlines the details pertaining to
the organization's strategy and its financial results for fiscal 2007-2008.
With a 9% increase in net income during the reporting period, the year just
ended marks the Bank's fourth consecutive year of significant growth. In fact,
the organization's net income per share grew by an average of 30% annually
between 2004 and 2008. These results serve to illustrate management's firm
commitment to the organization's development and long-term growth. They also
confirm that Laurentian Bank is a solid, well-capitalized institution whose
activities are highly diversified, with 59% of its loans originating from
Quebec and 41% from other Canadian provinces.
This material can be viewed on Laurentian Bank's web site at
www.laurentianbank.ca, under the tab Laurentian Bank, in the Investors
section. Documents relating to the Annual Meeting of Shareholders will be
mailed to Laurentian Bank shareholders during this week.
Laurentian Bank will hold its Annual Meeting of Shareholders in Montreal
on Tuesday, March 10, 2009 at 9:30 a.m. The meeting will take place at the
Monument-National, Salle Ludger-Duvernay, 1182 St. Laurent Blvd.
The Annual Report's concept
The concept of the 2008 Annual Report is aimed at highlighting the Bank's
solidity and reliability despite the difficulties currently plaguing the
global economy. Using a clear and simple approach, the document underlines the
institution's ready accessibility to and close relations with its clients,
shareholders and employees. The cover page takes the form of a handwritten
note signed by the President and Chief Executive Officer, and each of the
organization's four business segments is profiled via testimonials focused on
client relations. The use of black and white photos gives the publication a
timeless look reflecting the Bank's durability and its longstanding and firm
roots within the economic and financial milieu.
In addition to reviewing the organization's activities and excellent
results posted during fiscal 2007-2008, the content of the Annual Report
demonstrates innovation with the integration of a piece entitled, Why invest
in Laurentian Bank? Among the various reasons to do so, this section cites the
fact that the Bank is a solid, well-managed and growing financial institution.
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 accessibility,
the Bank serves individual consumers and small and medium-sized businesses.
The Bank offers its products to a wide network of independent financial
advisors through B2B Trust, as well as full-service brokerage solutions
through Laurentian Bank Securities.
With 156 branches and 342 automated banking machines, Laurentian Bank of
Canada is well established in the Province of Quebec, operating the
third-largest branch network. Elsewhere throughout Canada, it operates in
specific market segments where it holds an enviable position. Laurentian Bank
of Canada has more than $19 billion in balance sheet assets. Founded in 1846,
the Bank employs nearly 3,400 people.
For further information:
For further information: Gladys Caron, Vice-President Public Affairs,
Communications and Investor Relations, (514) 284-4500, extension 7511,