is about a commercial bank . for canada s central bank see bank of canada . national bank of canada type public company traded as tsx na industry bank founded 1859 headquarters montreal quebec canada key people louis vachon ceo products financial services revenue 5 464 million cad 2014 1 net income 1 538 million cad 2014 1 total assets us 169.2 billion 2015 2 number of employees 21 731 july 31 2016 3 website www.nbc.ca the national bank of canada french banque nationale du canada is the sixth largest commercial bank in canada . it is headquartered in montreal and has branches in most canadian provinces and 2.4 million personal clients . 4 national bank is the largest bank in quebec and the second largest financial institution in the province after desjardins . national bank s institution number is 006 and its swift code is bndccammint . as at october 31 2014 national bank had a network of 453 branches and 937 automated teller machines in canada . 5 it also had a number of representative offices subsidiaries and partnerships in other countries through which it serves canadian and non canadian clients . in 2011 national bank was placed third in bloomberg s list of the the world s strongest banks . 6 national bank s business is concentrated in quebec and it is expanding on other provinces . for the year ending october 31 2015 62 % of its total revenues were from quebec 32 % from other provinces and 6 % from its international and unallocated operations . 7 its total revenues for the year were allocated across business lines 48 % from personal banking 36 % from commercial banking 12 % from payment solutions and 4 % from insurance . 8 contents 1 history 2 management structure 2.1 office of the president 2.2 board of directors 3 subsidiaries 4 credit agency ratings 5 references 6 external links history edit the headquarters of the national bank of canada is located in tour de la banque nationale . national bank of canada office in toronto . national bank of canada in richmond hill in 1859 francophone businessmen in ontario and quebec were keen to establish a bank under their local control and persuade the provincial legislature to pass the act that created the banque nationale on may 4 1859 . some members of the anglophone bourgeoisie participated in the bank s share capital but francophones retained exclusive control and held all seats on the board of directors with ulric joseph tessier lawyer and member of the legislative assembly serving as chairman of the bank . the bank suffered losses during the banking crisis sparked by the financial panic of 1873 and panic of 1884 but managed to survive and continued to operate . in the 1930s during the great depression banque nationale again came under financial stress ; this time a merger was arranged with banque d hochelaga assisted by the province s legislature to strengthen the bank . the merged bank was renamed banque canadienne nationale canadian national bank bcn in english . in 1968 bcn in conjunction with a number of other banks launched chargex the first credit card to be issued by a canadian bank . during the 1970s quebec based rival provincial bank of canada expanded rapidly through a number of acquisitions . it merged with the people s bank in 1970 with the toronto based unity bank of canada and in 1979 it acquired laurentide financial corporation of vancouver . provincial bank and bcn continued to expand but continued to have a large part of their operations concentrated in quebec . in november 1979 these two banks decided to merge under the new name national bank of canada in what was at the time one of the largest bank mergers . through the 1980s the bank continued to grow and expand its businesses through a number of acquisitions including the brokerage firm l vesque beaubien and a year later geoffrion leclerc which became known as l vesque beaubien geoffrion . in 1993 it sold its lease financing operations to ge capital and acquired the assets of general trust of canada . in 1994 it made a small step outside canada when it opened two branches in the united states one in florida and one in california . in 1995 the bank opened a representative office in cuba to assist canadian clients doing business in the country . 9 in 1999 it concluded its purchase of first marathon a toronto based brokerage firm . first marathon and the bank s subsidiary l vesque beaubien geoffrion inc. merged their operations to form national bank financial nbf its investment banking subsidiary . in 2002 it acquired us based investment bank putnam lovell and merged the operations with its nbf subsidiary which started operating through offices in new york toronto and london . in march 2006 it sold its shareholder management services to computershare . 10 management structure edit the management structure of the bank consists of an office of the president 11 and a board of directors . 12 the membership of the two structures as at 2015 are office of the president edit louis vachon president and chief executive officer william bonnell executive vice president risk management dominique fagnoule executive vice president information technology martin gagnon co president and co chief executive officer national bank financial ; executive vice president wealth management diane giard executive vice president personal and commercial banking denis girouard executive vice president financial markets brigitte h bert executive vice president operations lynn jeanniot executive vice president human resources and corporate affairs karen leggett executive vice president marketing and corporate strategy ghislain parent chief financial officer and executive vice president finances and treasury ricardo pascoe executive vice president financial markets board of directors edit jean houde chairman of the board louis vachon president and chief executive officer raymond bachand director maryse bertrand director pierre boivin director andr caill director gillian h. denham director richard fortin director karen kinsley director julie payette director lino a. saputo jr. director andr e savoie director pierre thabet director subsidiaries edit subsidiaries as of october 31 2014 13 national bank life insurance company national bank insurance firm inc. national bank planning and benefits inc. nbc alternative investments inc. cabn investments inc. national bank direct brokerage inc fbn funding llc national bank financial ltd. nbf financial services inc. nbf financial services ltd innocap investment management inc. nbcn inc. ncejv llc natcan trust company national bank trust inc. national bank investments inc. national founders lp credit agency ratings edit this section needs to be updated . please update this article to reflect recent events or newly available information . september 2016 on october 26 2012 rating agency moody s investors service said it is reviewing the long term ratings of the national bank of canada because of concerns about consumer debt levels housing prices and more . 14 references edit a b annual report 2014 pdf . national bank of canada . october 31 2014 . http www.forbes.com global2000 list 4 header assets sortreverse true national bank profile pdf . national bank of canada . october 31 2014 . in brief pdf . national bank of canada . october 31 2014 . national bank in brief pdf . national bank of canada . october 31 2014 . greenwood john may 9 2011 . canadian banks are world s strongest bloomberg moody s . financial post . national bank of canada annual report 2015 p. 23 national bank of canada annual report 2015 p. 18 http www.bc.gob.cu english foreign banks.asp national bank history . national bank of canada . 2008 . governance office of the president . national bank of canada . retrieved 2014 07 18 . governance board of directors . national bank of canada . retrieved 2014 07 18 . our social responsibility 2015 pdf . national bank of canada . october 31 2015 . kiladze tim october 26 2012 . moody s reviews six canadian banks could downgrade . the globe and mail . retrieved 2013 06 16 . external links edit wikimedia commons has media related to national bank of canada . official website natbank national bank direct brokerage inc. national bank financial national bank general insurance companies portal v t e banks and credit unions in canada banks big five bank of montreal canadian imperial bank of commerce president s choice financial royal bank of canada scotiabank tangerine toronto dominion bank td canada trust other banks amex bank of canada bridgewater bank business development bank of canada canadian tire financial services canadian western bank citibank canada citizens bank of canada equitable bank first nations bank of canada hsbc bank canada icici bank canada laurentian bank of canada manulife bank of canada meridian bank national bank of canada rogers bank versabank credit unions credit unions affinity credit union aldergrove credit union alterna savings assiniboine credit union blueshore financial central 1 credit union coast capital savings concentra financial conexus credit union credit union central of canada desjardins group envision financial first calgary financial first west credit union gulf and fraser fishermen s credit union island savings kawartha credit union kootenay savings credit union libro financial group meridian credit union mouvement des caisses populaires acadiennes servus credit union steinbach credit union tcu financial group vancity windsor family credit union your credit union your neighbourhood credit union credit union deposit insurance alberta british columbia manitoba new brunswick newfoundland and labrador nova scotia ontario prince edward island saskatchewan other financial institutions federal financial institutions farm credit canada provincial financial institutions atb financial v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold v t e morningstar national bank qu bec companies of canada august 4 2016 metro inc. snc lavalin dollarama national bank of canada saputo inc. bce inc. canadian national cgi group alimentation couche tard power corporation of canada power financial corporation gildan valeant pharmaceuticals cae inc. industrial alliance wsp global bombardier quebecor cominar transforce semafo air canada amaya inc. stella jones inc. osisko gold royalties ltd prometic life sciences inc. jean coutu group laurentian bank of canada cogeco communications richelieu hardware innergex renewable energy aimia uni select transcontinenal dorel industries boralex valener inc. richmont mines inc brp lassonde industries knight therapeutics mty food group yellow pages limited cascades h roux devtek canam group cogeco inc. fiera capital stornoway diamond tso3 lumenpulse inc. reitmans new look vision group transat a.t. btb reit retrieved from https en.wikipedia.org w index.php title national bank of canada & oldid 744057059 categories s & p tsx 60 indexs & p tsx composite indexmorningstar national bank qu bec indexcompanies listed on the toronto stock exchangebanks of canadacompanies based in montrealinsurance companies of 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