The National Bank Comes to the Aid of Beef Producers
Montreal, 30 October 2003 -
National Bank of Canada has introduced measures to support its clients in financial difficulty following the mad cow crisis (Bovine spongiform encephalopathy – BSE).
Clients who would like to benefit from special assistance will be met by an account manager who will analyze their file. As each case is specific, individual meetings will be held with clients. Some of the temporary measures being offered by the National Bank include relaxing credit standards and pricing terms for the farm sector.
"The agriculture sector is important to us. That is why we are easing some of the rules to help our clients who have been affected by the mad cow crisis," explained Réjean Lévesque, Senior Vice-President – Northern and Eastern Quebec.
National Bank clients who have been affected by the mad cow crisis are invited to get in touch with their account manager for a review of their file.
About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its customers elsewhere in the world. The National Bank offers a full array of banking services, including corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management. The National Bank has more than $75 billion in assets and, together with its subsidiaries, employs over 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA: TSX). For more information, visit the Bank's website at www.nbc.ca.
Information (the telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives):
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644