National Bank Financial Group presents its 2010 social responsibility report

Montreal, 8 March 2011 - 

National Bank Financial Group is proud to present its 2010 social responsibility report which provides an overview of its commitment to its clients, employees, the community and the environment.

The highlights for 2010 include a series of investments that helped create economic and social value for the communities where the Financial Group is present. Here are a few examples:

  • Nearly $43 billion in debt financing was authorized for some 41,000 businesses. These loans contributed directly to the growth and development of organizations located both in Quebec and in most Canadian provinces.
  • $1.6 billion was paid in salaries and employee benefits to some 18,000 employees of the Financial Group as part of a competitive total compensation program.
  • $30 million was devoted to upgrading tens of branches. By hiring local companies to carry out the work, we also contributed to the economies of several communities.
  • $8.2 million was donated to organizations throughout the country. Free The Children, Institut de recherches cliniques de Montréal, Fondation Sainte-Croix/Heriot, Windsor Regional Hospital Foundation and YMCA of Fredericton were just some of the organizations that benefited from a major donation.
  • Over $2.8 million was donated to United Way/Centraide. This amount was raised as a result of the huge effort made by our employees and retired employee during a vast Canada-wide campaign, to which a corporate donation was added.
  • $520,000 was collected for the Breakfast Clubs of Canada and the Club des petits déjeuners du Québec (Quebec Breakfast Club). For the fifth straight year, fundraising campaigns were organized which were based on the sale of an exclusive article in branches.

The Financial Group also stood out for its actions towards reducing the impact of its practices on the environment. Through an innovative energy efficiency program, which enabled the Financial Group to centralize energy management of many of its branches, it was able to save millions of kWh of electricity over the past year and thus reduce its environmental footprint.

For more information on the many causes and projects National Bank Financial Group supports as part of its commitment to the communities it serves, please consult our social responsibility report. It is available on our website at nbc.ca/socialresponsibility, in our branches and via our TelNat customer service centre at 1-888-4-TelNat.

About National Bank of Canada
National Bank of Canada is an integrated group that 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. 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 over $152 billion in assets and, together with its subsidiaries, employs 18,407 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. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.

Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.)

Joan Beauchamp
Senior Advisor, Public Relations
National Bank Financial Group
Tel.: 514-394-6500