Versabank T.VBNK

Alternate Symbol(s): VBNK

Financial Services

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.

TSX:VBNK - Post by User

Versabank > more inside buys

<< Previous

Bullboard Posts

Next >>

Comment by Rational43on Feb 22, 2021 5:14pm

147 Views

Post# 32629597

RE:RE:RE:more inside buys

Dilution is highly unlikely. The core beauty of this company is its capital efficiency and scaleability. It doesn't require much share capital to grow its earnings, and the pick up with insolvency work has increased its flow of zero interest financing.

<< Previous

Bullboard Posts

Next >>

Canadian artificial intelligence ETFs