Video: Laurentian Bank 2012 Annual report: Take a look at Réjean Robitaille's comments, President and CEO
Laurentian Bank 2012 Annual report .pdf
MONTREAL, Dec. 7, 2012 /CNW Telbec/ - Laurentian Bank is pleased to
announce that its Annual Report for the fiscal year ended October 31,
2012 is now available under the Laurentian Bank tab of the Investors section of its Web site (laurentianbank.ca).
Laurentian Bank President and CEO, Mr. Réjean Robitaille, underlined his
satisfaction with the progress made by the institution, "Fiscal 2012
was the continuation of the positive momentum that has driven the
organization forward over the last number of years. In fact, the Bank's
assets have doubled during the past five years, now standing at $35
billion. Moreover, we have diversified our activities by sector and by
geographical region such that, today, we enjoy a presence that is
veritably pan-Canadian, with 39% of our loans and 53% of our
profitability originating from outside Québec."
More of Mr. Robitaille's observations about the Bank's accomplishments
can be heard in a video posted online at www.banquelaurentienne.ca/en/about_lbc/my_investment.
Following are some pertinent facts and figures related to the Bank's
Laurentian Bank is recognized for the quality of its services, as
evidenced by the level of satisfaction among its retail clients
conducting business in its Québec branch network, reaching 95%.
Laurentian Bank operates the third largest retail branch network in the
The SME-Québec sector loan portfolio has doubled in volume over the past
five years. The sector's clients are served by 24 offices in the
The B2B Bank subsidiary has posted impressive growth over the past few
years, with its loan portfolio today totalling $9.3 billion, its
deposits at $13 billion, and its assets under management being in the
order of $23.8 billion.
Operating 14 offices in four provinces, the Real Estate and Commercial
sector's activities are very diversified. A total of 56% of the
sector's loans originate from Ontario, 33% from Québec, and 11% from
Western Canada and the Atlantic provinces.
The Laurentian Bank Securities (LBS) subsidiary opened an office in
Winnipeg in 2012, thereby reinforcing its presence outside Québec. LBS
has close to 100 investment advisors within its ranks and is recognized
for its fixed income institutional brokerage services across Canada, as
well as for its specialization among small cap companies.
The Bank completed issuances of capital totalling $482 million in 2012,
which demonstrates the confidence of investors and financial markets in
the institution's accomplishments over the past several years.
The Bank was among the 10 winners in 2012 of Knightsbridge Strategic
Talent's Canada's Passion Capitalists program, which recognizes organizations that strive to and succeed in
promoting their passion and generating the energy, intensity and
perseverance necessary to achieve superior results.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has
nearly $35 billion in balance sheet assets and $33 billion in assets
under administration. Founded in 1846, Laurentian Bank was selected in
2012 as one of the 10 winners of the Canada's Passion Capitalists
program in recognition of its sustained success through the promotion
of passion within its ranks. The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity,
Laurentian Bank serves more than one million clients in market segments
in which it holds an enviable position. In addition to occupying a
choice position among consumers in Québec, where it operates the third
largest branch network, the Bank has built a solid reputation across
Canada in the area of real estate and commercial financing thanks to
its teams working out of more than 35 offices in Ontario, Québec,
Alberta and British Columbia. Its subsidiary, B2B Bank, is a Canadian
leader in providing banking products as well as investment accounts and
services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker, widely recognized for its expertise
and effectiveness nationwide.
Video with caption: "Video: Laurentian Bank 2012 Annual report: Take a look at Réjean Robitaille's comments, President and CEO". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20121207_C7120_VIDEO_EN_21662.mp4&posterurl=http://photos.newswire.ca/images/20121207_C7120_PHOTO_EN_21662.jpg&clientName=Laurentian%20Bank%20of%20Canada&caption=Video%3A%20Laurentian%20Bank%202012%20Annual%20report%3A%20Take%20a%20look%20at%20R%26%23233%3Bjean%20Robitaille%27s%20comments%2C%20President%20and%20CEO&title=Laurentian%20Bank%20Releases%20Its%202012%20Annual%20Report&headline=Laurentian%20Bank%20Gaining%20Altitude%20%2D%20The%20Organization%20Releases%20Its%202012%20Annual%20Report
PDF available at: http://stream1.newswire.ca/media/2012/12/07/20121207_C7120_DOC_EN_21663.pdf
SOURCE: Laurentian Bank of Canada
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