Press Releases

National Bank awards three bursaries to students in Îles-de-la-Madeleine

Montreal, 7 August 2007 -

National Bank and the Fondation Madeli-Aide proudly presented bursaries of $1,500 each to three students in Îles-de-la-Madeleine during a special evening held in their honour at the recreation centre in l'Étang-du-Nord yesterday. This financial support will help them pursue their post-secondary studies in programs offered only outside their region.

$100,000 donation from National Bank
These bursaries, which were awarded to students in Îles-de-la-Madeleine by the Fondation Madeli-Aide, are part of a $100,000 donation from National Bank. Over a period of 10 years, the Bank will grant some 70 bursaries of $1,500 each to young people who are eager to continue their education and contribute to the socio-economic development of their region. National Bank is proud to lend its support to these ambitious students.

Thanks to this investment by National Bank in the education of young people in Îles-de-la-Madeleine, Véronique Chiasson will be able to pursue a Bachelor’s degree in elementary education at Université de Montréal, Guy-Olivier Deveau will work on a Master’s degree in philosophy at Université Laval, and Maxime Aucoin will begin studies for his Bachelor’s degree in civil engineering at Université de Moncton. Additional bursaries will be awarded in the coming years.

In 2006, the Bank and its subsidiaries, through corporate donations, sponsorships, in-branch fundraising activities and various benefit events, gave $19.5 million to hundreds of Canadian education, health care, cultural and community organizations.

More information on the many causes and projects the Bank supports as part of its commitment to the communities it serves can be found in the Bank’s Social Responsibility Report on its website at

Photos are available and may be obtained by contacting one of the undersigned.

About Fondation Madeli-Aide
The Fondation Madeli-Aide was created in 1997 in order to provide financial support in the form of bursaries to young people in Îles-de-la-Madeleine for whom pursuing a higher education is a significant challenge. Many residents of Îles de la Madeleine must pursue their post-secondary education elsewhere because their program of study is not offered in the region. In fact, close to 50% of students do not complete secondary school. These bursaries therefore help promote education and lower the school dropout rate in the region.

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 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 more than $130 billion in assets and, together with its subsidiaries, employs 16,852 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA). For more information, visit the Bank’s website at

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

Denis Dubé
Director, Public Relations
National Bank of Canada
Tel.: 514-394-8644

Robert Gaudet
Fondation Madeli-Aide
Tel.: 514-208-1212