PROFILE |
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The spirit of "je me souviens" is alive at Mouvement des caisses Desjardins, but Quebec's largest financial institution faces modern bank competition. Founded in 1900 to serve working-class Quebecois, the cooperative (with its 1,250 credit unions and 14 federations) has chosen to centralize its decision-making structure and ... "mon Dieu!" consider job cuts. Desjardins offers traditional retail services such as loans (residential mortgages make up almost 55%), credit cards, ATMs, and savings plans. Subsidiaries (including publicly traded Desjardin-Laurentian Financial) offer insurance, securities brokerage, trust services, and leasing.
COMPETITION |
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Bank of Montreal (BMO)
Laurentian Bank of Canada (LB)
Royal Bank of Canada (RY)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 5,511.70
1-Yr. Sales Growth: 62.6%
Employees: 30,889
Revenue per employee: $178,435.69
KEY PEOPLE |
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Alban D'Amours
CEO
Jean Guy Langelier
CFO
CONTACT INFO |
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100 des Commandeurs
Levis Quebec G6V 7N5, Canada
Phone: 1-418-835-2323
Fax: 1-418-833-4769
Online: Web Site
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