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Versabank T.VBNK

Alternate Symbol(s):  VBNK

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

Comment by Rational43on Feb 25, 2021 12:09pm
270 Views
Post# 32658534

RE:Truly Amazing News with VCAD.

RE:Truly Amazing News with VCAD.Globe and Mail is owned by the Big Canadian Banks, who have refused to have any analyst cover Versabank for years.  

Right now 1 US analyst covers Versabank.  

There are news agencies worldwide talking about the first digital cryptocurrency issued by a bank, but not in Canada.  

Canada's banking oligopoly is the chumiest of the big boy clubs we have.
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