Laurentian Bank of Canada - Company Profile
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Laurentian Bank of Canada (Laurentian Bank) is a diversified financial services provider. It offers a range of transactional products such as savings and current accounts; lending such as consumer loans, real estate and agricultural, and manufacturing finance, equipment financing, and registered retirement savings plan loans; mortgages; cash management; and international banking. The bank provides investment products including mutual funds, bank securities, guaranteed investment certificates, bonds, and systematic savings plans; trustee services; and financial planning solutions. It also offers private banking, debt and equity underwriting, and research, and market analysis services. The bank has operations in Canada and the US. Laurentian Bank is headquartered in Montreal, Quebec, Canada.
Headquarters
Canada
Address
1360 Rene-Levesque Boulevard West, Suite 600, Montreal, Quebec, H3G0E5
Website
www.laurentianbank.ca
Telephone
1 514 2847192
No of Employees
3,000
Industry
Financial Services
Ticker Symbol & Exchange
LB (TSE)
Revenue (2022)
$2.0B
43.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.1%
(2022 vs 2021)
Market Cap*
$836.8M
Net Profit Margin (2022)
XYZ
-44.4%
(2022 vs 2021)
* As of and is in US$
Laurentian Bank of Canada premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Loans: | Internet Banking |
| Personal Line of Credit | Private Banking |
| Personal | International Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In February, the company announced the launch of a new line of credit cards. |
| 2022 | Contracts/Agreements | In October, B2B Bank announced the launch of a new partnership with Sun Life Global Investments to offer Sun Life Global Investments' Clients registered retirement savings plan (RRSP) loans. |
| 2022 | Others | In August, the company taken the support of IT infrastructure services Kyndryl for a new cloud landing zone, leveraging cloud platforms such as Microsoft Azure. |
Competitor Comparison
| Key Parameters | Laurentian Bank of Canada | Royal Bank of Canada | The Toronto-Dominion Bank | The Bank of Nova Scotia | Bank of Montreal |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Montreal | Toronto | Toronto | Toronto | Toronto |
| State/Province | Quebec | Ontario | Ontario | Ontario | Ontario |
| No. of Employees | 3,000 | 90,166 | 103,257 | 89,249 | 55,767 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael T. Boychuk | Chairman | Executive Board | 2023 | - |
| Eric Provost | Chief Executive Officer; President; Director | Executive Board | 2023 | - |
| Yvan Deschamps | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | - |
| Sebastien Belair | Chief Operating Officer; Executive Vice President | Senior Management | 2023 | - |
| Benoit Bertrand | Chief Information Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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