Statement by National Bank

MONTREAL, Nov. 13, 2019 /CNW Telbec/ - Certain media outlets reported today on the possible candidates to succeed the outgoing head of Quebec's Caisse de dépôt et placement. In relation to those reports, National Bank's President and CEO, Louis Vachon, makes the following statement:

"My responsibility is to oversee the operations of National Bank and that will remain my only priority in the coming years."

Forward-looking information
This press release includes certain forward-looking statements. These statements are inherently subject to significant risks, uncertainties and changes in circumstances, many of which are beyond the control of the Bank, including obtaining the necessary regulatory approvals, the risks associated with changes in general economic conditions, and changes made to guidelines on risk-weighted capital and their interpretation. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time, by it or on its behalf. The forward-looking information contained in this press release is presented for the purpose of interpreting the information contained herein and may not be appropriate for other purposes.

About National Bank of Canada
With $276 billion in assets as at July 31, 2019, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 25,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. The Bank's 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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