December 28, 2014 4:22 AM ET

Banks

Company Overview of La Caisse Centrale Desjardins Du Québec

Company Overview

La Caisse Centrale Desjardins Du Québec, a financial services cooperative, offers financing, banking, and international services to governments, public and parapublic sector institutions, individuals, medium-sized businesses, and large corporations in Canada. Its personal products and services include accounts and related services; VISA Desjardins credit cards and prepaid cards, private-label credit cards, lines of credit, personal loans, auto loans, mortgages, RRSP loans, and student loans; guaranteed fixed-rate investments, market-linked guaranteed investments, investment funds, tax-free savings accounts, retirement savings, and personal asset management solutions; and auto, home, recreati...

1170 Peel Strret

Suite 600

Montreal, QC H3B 0B1

Canada

Founded in 1979

Phone:

514-281-7070

Fax:

514-281-7745

Key Executives for La Caisse Centrale Desjardins Du Québec

Chairman of the Board
Age: 60
Chief Financial Officer
Senior Vice-President of Operations & Performance
Managing Director
Senior Vice-President of Business & Institutional Services
Compensation as of Fiscal Year 2014.

La Caisse Centrale Desjardins Du Québec Key Developments

Caisse centrale Desjardins du Québec Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year of 2014

Caisse centrale Desjardins du Québec reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported interest income of CAD 637,034 million compared to CAD 603,421,000 a year ago. Net interest income was CAD 256,819,000 compared to CAD 278,717,000 a year ago. Operating income was CAD 167,034,000 compared to CAD 147,415,000 a year ago. Net income was CAD 168,747,000 compared to CAD 144,662,000 a year ago. Cash used in operating activities were CAD 190,309,000 compared to cash from operating activities of CAD 165,187,000 a year ago. Acquisition of premises and equipment and intangible assets was CAD 10,596,000 against CAD 9,586,000 for the same period in the last year. The company provided earnings guidance for the full year of 2014. For the year, CCD will continue to face a low interest rate environment. As a result of these low interest rates, combined with the strong competition in the industry, net interest income will again come under pressure in 2014. CCD will also continue to rigorously manage non-interest expense.

Caisse Centrale Desjardins Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Caisse centrale Desjardins reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported interest income of CAD 156.259 million compared to CAD 152.924 million a year ago. Net interest income was CAD 62.639 million compared to CAD 74.159 million a year ago. Operating income was CAD 35.095 million compared to CAD 33.197 million a year ago. Net income was CAD 39.358 million compared to CAD 33.580 million a year ago. For the six months, the company reported interest income of CAD 304.470 million compared to CAD 299.987 million a year ago. Net interest income was CAD 125.121 million compared to CAD 142.052 million a year ago. Operating income was CAD 75.444 million compared to CAD 58.103 million a year ago. Net income was CAD 78.682 million compared to CAD 58.470 million a year ago. Cash used in operating activities were CAD 121.606 million compared to CAD 711.029 million a year ago.

Caisse Centrale Desjardins Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013

Caisse centrale Desjardins reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported interest income of CAD 148.211 million compared to CAD 147.063 million a year ago. Net interest income was CAD 62.485 million compared to CAD 67.893 million a year ago. Operating income was CAD 40.349 million compared to CAD 24.186 million a year ago. Net income was CAD 39.324 million compared to CAD 24.890 million a year ago. Cash flows used in operating activities were CAD 464.842 million compared to CAD 230.734 million a year ago.

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Date
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Merger/Acquisition
April 23, 2014
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