Canada NewsWire
MONTREAL, Oct. 2, 2018
MONTREAL, Oct. 2, 2018 /CNW Telbec/ - National Bank
welcomes the signing of the U.S.-Mexico-Canada Agreement, which will play a key role in maintaining a strong Canadian economy in
the medium and long term. However, in the coming years, Canadian agribusinesses operating under supply management will have to
adapt to new provisions affecting their sector. National Bank will once again be there to support the sector through these
adjustments.
"Earlier this year, National Bank acquired an agricultural loan portfolio of nearly $400M CAD.
Our commitment to the agricultural sector is clear, as is our vision that it will grow in the coming years. The changes that are
planned under the Agreement regarding supply-managed production are significant, but the Bank will be there to support its
clients through the transition," said Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance.
About National Bank of Canada
With $258 billion in assets as at July 31, 2018, National Bank of Canada, together with its
subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 23,000
employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to
diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada
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