MONTREAL, Oct. 9, 2013 /CNW Telbec/ - Laurentian Bank announced today
that it is expanding the range of financing solutions it offers to its
commercial clients with the addition of leasing products. With these
products, the Bank will be able to provide a new alternative to
businesses across Canada for the acquisition of their equipment.
"We are very proud to be launching our leasing solutions today,"
underlines Stéphane Therrien, Executive Vice-President, Business
Services. "Our clients regularly expressed their hope that we would
make this option available to them. In fact, our clientele in numerous
industries have specific needs with respect to specialized equipment.
To complement our leasing product offering, we will provide the support
of a team with solid expertise in the principal sectors we are involved
in."
Equipment financing constitutes a significant challenge for many
companies in view of the major costs involved. Therefore, Laurentian
Bank designed its leasing solutions with the aim of providing tangible
support to businesses with regard to the modernization of their
equipment. By keeping their technology state-of-the-art, businesses
will be able to increase their productivity, while enhancing their
competitiveness within their respective markets.
It is vital for companies today to be able to obtain financing that
reflects the true value of their equipment in order to minimize initial
costs and facilitate the acquisition process. That is precisely the
rationale behind Laurentian Bank's approach. In addition to enriching
the existing line of products currently offered by the Bank, these
specialized equipment financing solutions provide clients with greater
choice and flexibility when it comes to the acquisition of both new and
used equipment.
Laurentian Bank is very active serving the needs of commercial clients
across Canada. Via its teams of specialists in Québec, Ontario, Alberta
and British Columbia, the Bank offers a comprehensive range of
financing, investment and transactional products, as well as foreign
exchange transactions and credit documentation, Private Banking, and
other services through its Laurentian Bank Securities subsidiary. For
its part, the Business Services team has developed specialized
expertise, products and services within the real estate financing,
energy, infrastructure, transportation, construction, health,
agricultural and manufacturing sectors.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has
more than $34 billion in balance sheet assets and $37 billion in assets
under administration. Founded in 1846, Laurentian Bank was selected in
2012 as one of the 10 winners of the Canada's Passion Capitalists
program in recognition of its sustained success through the promotion
of passion within its ranks. The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity,
Laurentian Bank serves more than one million clients in market segments
in which it holds an enviable position. In addition to occupying a
choice position among consumers in Québec, where it operates the third
largest branch network, the Bank has built a solid reputation across
Canada in the area of real estate and business financing thanks to its
teams working out of more than 35 offices in Ontario, Quebec, Alberta
and British Columbia. Its subsidiary, B2B Bank, is a Canadian leader in
providing banking products as well as investment accounts and services
to financial advisors and brokers, while Laurentian Bank Securities is
an integrated broker, widely known for its expertise and effectiveness
nationwide.
SOURCE Laurentian Bank of Canada
