Laurentian Bank of Canada Enters Equipment Leasing Space



Laurentian Bank of Canada announced it is expanding the range of financing solutions it offers to its commercial clients with the addition of leasing products. With these products, the bank will be able to provide a new alternative to businesses across Canada for the acquisition of their equipment.

“We are very proud to be launching our leasing solutions today,” underlines Stéphane Therrien, executive vice-president, Business Services. “Our clients regularly expressed their hope that we would make this option available to them. In fact, our clientele in numerous industries have specific needs with respect to specialized equipment. To complement our leasing product offering, we will provide the support of a team with solid expertise in the principal sectors we are involved in.”

The bank said equipment financing constitutes a significant challenge for many companies in view of the major costs involved. Therefore, Laurentian Bank designed its leasing solutions with the aim of providing tangible support to businesses with regard to the modernization of their equipment. By keeping their technology state-of-the-art, businesses will be able to increase their productivity, while enhancing their competitiveness within their respective markets.

Laurentian Bank of Canada is a pan-Canadian banking institution that has more than $34 billion in balance sheet assets and $37 billion in assets under administration. Founded in 1846, Laurentian Bank was selected in 2012 as one of the 10 winners of the Canada’s Passion Capitalists program in recognition of its sustained success through the promotion of passion within its ranks. The bank employs more than 4,200 people.


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