Laurentian Bank of Canada

By: EconomyWatch Content   Date: 5 November 2009

About The Author

EconomyWatch Content

Follow The Money

EconomyWatch, Content Team

 

  • Dot Div
  •      

The Laurentian Bank of Canada (Banque Laurentienne du Canada) is a bank in the Quebec province with a branch in Ottawa. It was founded in 1846 with the establishment of Banque d'Épargne de la Cité et du District or Montreal City and District Savings Bank.

 

The bank offers commercial and consumer banking services through more than 150 branches, predominantly located in Quebec. Residential mortgages account for nearly half the bank's loan portfolio and personal loans for more than a third.

 

Other retail products include savings accounts, mutual funds and Visa credit cards. The bank also has nearly 30 commercial banking centers that serve small and midsized businesses, real estate developers and agricultural businesses.

 

The bank has sales of more than $550 million and net income of more than $90 million.

 

Laurentian Bank of Canada: Lines of Business

Retail Financial Services: The Laurentian Bank of Canada operates from 156 branches and 25 Financial Services Boutiques to cater its customers’ various retail banking needs. It operates 342 automated banking machines and has a network of more than 3,500 merchants offering its financing services. The bank’s service offering includes:

·        Transactional products and services

·        Mortgage loan solutions

·        Investment options

·        Guaranteed investment certificates

·        Term deposits

·        Mutual funds

·        VISA credit card and bank client card products

·        Credit insurance

 

In addition, the Laurentian Bank of Canada also offers its clients a complete range of private banking services, including:

·        Mutual fund distribution

·        Portfolio management

·        Personal financial management

·        Financial planning

·        Brokerage services

 

Commercial Banking Services: The Laurentian Bank of Canada offers a complete service portfolio to SMEs and large companies, as well as to clients in the real estate and agricultural markets as part of its commercial banking practice. These services are provided through more than 25 centers, mostly in Quebec. MAXAFFAIRES, a range of services customized especially for the above mentioned sectors, encompasses various lines of services, such as:

·        Financing solutions

·        International services

·        Transactional services

·        Electronic services

 

B2B Trust: B2B is a fully owned subsidiary of the Laurentian Bank of Canada. B2B Trust provides financial advisors, planners and brokers with superior financial products and services for its clients. B2B Trust is a leading third-party provider of investments and the largest supplier of wholesale deposit products, banking solutions and mortgage loan programs across Canada.

 

Laurentian Bank Securities: Laurentian Bank Securities is an integrated full-service investment dealer, focusing on various lines of business, including:

·        Institutional fixed income division

·        Institutional equity division

·        Retail division

·        Discount brokerage division


  • Dot Div
  •      

Most Popular in Canada Banks

Related Links
blog comments powered by Disqus