LEVIS, QC, Aug. 18 /CNW Telbec/ - Desjardins Group strikes again this
year in the Top 1000 World Banks ranking released in The Banker magazine and
published by the Financial Times Business in London. Desjardins reached
96th place, two spots above its 2007 finish.
Despite turbulence in the markets, Desjardins continues to reign among
the 100 largest financial institutions in the world, in addition to securing
18th place in North America's Top 25 and placing sixth in Canada. It also
remains the number one financial institution in Québec.
To establish this ranking, The Banker looks at capitalization, especially
at Tier 1 capital quality as per BIS standards in Basel. This is the best
indicator of the soundness of a financial institution.
"These results leave no doubt as to the financial solidity of Desjardins
Group and we are proud to see that our capitalization remains one of the best
in the country," adds Ms. Monique F. Leroux, Chair of the Board, President and
CEO, Desjardins Group.
About Desjardins Group
Desjardins Group is the largest integrated cooperative financial group in
Canada, with overall assets of nearly $152 billion, as at June 30, 2008. It
comprises a network of caisses, credit unions and business centres in Québec
and Ontario, and some twenty subsidiary companies in life and general
insurance, securities brokerage, venture capital and asset management, many of
which are active across the country. Drawing on the expertise of its
40,000 employees and the commitment of more than 6,500 elected officers,
Desjardins offers its 5.8 million individual and corporate members and clients
a full range of financial products and services. Its physical distribution
network is complemented by leading-edge virtual access methods. To find out
more, consult www.desjardins.com.
For further information:
For further information: (for journalists only): André Chapleau,
Director, Information and Media Relations, (514) 281-7229, 1-866-866-7000,
ext. 7229, firstname.lastname@example.org