Laurentian Bk Cda Que (LRCDF) Profile

Profile

Laurentian Bank of Canada was incorporated on May 26, 1846. The bank has a solid position in the province of Quebec and has four main business segments: The Retail & SME-QuÃ©bec segment provides a full range of financial products and services, offered through its distribution networks, for retail clients and small and medium-sized enterprises in Quebec. The Real Estate & Commercial business segment includes two areas of operation. The first is real estate financing, specializing in financing for condominiums, office buildings, shopping centers and residential developments. The second is commercial financing specializing in financing for medium-sized enterprises across Canada. This segment also offers international services dedicated to the foreign trade activities for the Bank's clients. The B2B Bank business segment is a leader in providing banking products and investment accounts and services distributed through a network of 27,000 financial advisors and brokers. The Laurentian Bank Securities & Capital Markets business segment acts as an integrated broker serving retail and institutional clients and manages bank-related capital market activities. It is the only bank in Canada that has increased its earnings per share in each of the last seven years. More than 75,000 accounts across Canada hold B2b bank products owing to the thousands of financial advisors and brokers. It has more than 1 million clients. The bank has securities relationships with the federal government and all 10 provinces helping them to meet their financing needs through issuing bonds.