Press Releases

Banks in Canada Step Up to Support Small Business

Montreal, 27 March 2020 -

Canada is in the midst of a public health emergency that has touched everyone. It has created volatility in our markets and impacts to our economy – and has created real stress for businesses. Small businesses are an economic engine of this country, and Canada's banks know that these businesses are particularly hard hit by the COVID-19 pandemic.

During this unprecedented time, Canada's banks have been working around the clock to bring much-needed relief to their customers across the country.

Banks are now working to effectively implement the direction announced by the federal government to support Canadian businesses, more details of which will be available in the coming weeks. Each bank will have more information to share with their small business customers in the weeks ahead, as specific plans are clarified by the federal government.

Once all details of the support program are finalized with the government, banks will update their websites with customer information about how to enrol and have their questions answered. For details about existing relief programs, customers are encouraged to visit banks' specific COVID-19 relief webpages for further information before calling or visiting their specific bank.

Due to the unprecedented volume of calls banks are experiencing, we appreciate Canadians' understanding as bank representatives continue to work very hard to respond to requests for relief.

For more information, please visit:

www.nbc.ca/personal/notice.html

About the Canadian Bankers Association
The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. www.cba.ca.

About National Bank of Canada
With $289 billion in assets as at January 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

Information:  
CBA National Bank of Canada
Mathieu Labrèche Claude Breton
Director, Media Strategy Vice President – Public Affairs
and Corporate Social Responsibility
mlabreche@cba.ca Claude.Breton@nbc.ca