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Home > Company Index > Banking > Banking - Canada > Mouvement des caisses Desjardins

Mouvement des caisses Desjardins
 PROFILE
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
Bank of Montreal (BMO)
Laurentian Bank of Canada (LB)
Royal Bank of Canada (RY)

 FINANCIAL OVERVIEW
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
• Alban D'Amours
    CEO
• Jean Guy Langelier
    CFO

 CONTACT INFO
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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