U.S.-Mexico-Canada Agreement: National Bank to support agribusinesses

MONTREAL, Oct. 2, 2018 /CNW Telbec/ - National Bank welcomes the signing of the U.S.-Mexico-Canada Agreement, which will play a key role in maintaining a strong Canadian economy in the medium and long term. However, in the coming years, Canadian agribusinesses operating under supply management will have to adapt to new provisions affecting their sector. National Bank will once again be there to support the sector through these adjustments.

"Earlier this year, National Bank acquired an agricultural loan portfolio of nearly $400M CAD. Our commitment to the agricultural sector is clear, as is our vision that it will grow in the coming years. The changes that are planned under the Agreement regarding supply-managed production are significant, but the Bank will be there to support its clients through the transition," said Stéphane Achard, Executive Vice-President ? Commercial Banking and Insurance.

About National Bank of Canada
With $258 billion in assets as at July 31, 2018, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 23,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

SOURCE National Bank of Canada