TORONTO, Nov. 14, 2019 /CNW/ - UPDATE: The Vancity Community Investment Bank (VCIB) acquisition of CoPower Inc. has officially closed. By acquiring CoPower, VCIB has become the first Canadian bank to acquire an impact investment firm. Please find November 7thpress release here for more information on this historic event.
"For the past two years, our focus at VCIB has been financing for social purpose real estate – but we knew that the climate emergency had to factor in as well," says Jay-Ann Gilfoy, CEO of Vancity Community Investment Bank. "We saw that, by joining forces, VCIB and CoPower could accelerate investment in communities that are affordable and sustainable. We could combine our expertise to create new investment products that drive social and environmental change and get them to a wider audience."
Both Jay-Ann Gilfoy, Chief Executive Officer at VCIB, orJake Stacey, Vice President of Impact Banking, are available to speak about this historic acquisition and what it means for the Canadian impact banking space.
SOURCE Vancity Community Investment Bank (VCIB)
For further information: Nicole Hanley, A&C Inc., 416 966 3428