Quebec well-positioned to take advantage of the economic recovery, states the President and Chief Executive Officer of National Bank Financial Group
Gatineau, 2 September 2009 -
Louis Vachon, President and Chief Executive Officer of National Bank Financial Group, today addressed the Group’s employees in the region as well as Retail and Commercial Banking clients. He outlined the factors that have distinguished the Canadian banking industry in recent months and explained National Bank Financial Group’s strategy to maintain its position as an engine of economic and social development in Quebec and the rest of Canada.
“Our super-regional bank business model is currently showing its true worth. With a very strong base in Quebec, a province that has remained relatively stable in this global recession, we can concentrate on our development and on getting closer to our clients, not only in large cities but in all regions of Quebec,” he said.
Mr. Vachon believes that the continued and sustained participation of banks in extending consumer and commercial credit, coupled with the vigorous response of government entities, has ensured that Canada, and especially Quebec, is well-positioned to take advantage of the global economic recovery.
National Bank Financial Group has a significant presence in the Outaouais region, with 183 employees in some 15 branches and service points. Through its Commercial Banking services, the Financial Group also authorizes tens of millions of dollars in loans each year to borrowers in various industries.
National Bank Financial Group is proud to contribute to the well-being of the community by supporting many organizations, events and foundations in the Outaouais region, including the Casino du Lac-Leamy Sound of Light fireworks show, the Pontiac Agricultural Society, the Symposium Montebello en peinture, the Chambre de commerce et d’industrie de Maniwaki, the Fraternité des pompiers de Duhamel and the Maison Mathieu-Froment-Savoie.
About National Bank of Canada
National Bank of Canada, which is celebrating its 150th anniversary in 2009, 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 clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, 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. National Bank has close to $135 billion in assets and, together with its subsidiaries, employs 17,772 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 provided below is for the exclusive use of journalists and other media representatives.):
Director, Public Relations
National Bank Financial Group