National Bank CEO Ferreira Touts the Company’s Focus on Canada

Oct. 16, 2024, 7:22 PM UTC

National Bank of Canada is leaning into its domestic focus, with Chief Executive Officer Laurent Ferreira saying that “Canada’s our playground.”

The Montreal-based bank sees plenty of room to grow within the country and hopes to complete its planned acquisition of Edmonton-based Canadian Western Bank early next year, Ferreira said Wednesday at the Bloomberg Canadian Finance Conference in New York. That deal will increase National Bank’s physical footprint in Western Canada by six times, he said, adding that there’s also room for the firm to do more lending outside of its home province of Quebec.

WATCH: National Bank CEO says Canada is in a slowdown.
Source: Bloomberg

“Canada’s our market. When ...

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