Five Rears in a Row-Canadian Banking Ranked Soundest by the World Economic Forum

Five Rears in a Row-Canadian Banking Ranked Soundest by the World Economic Forum

ID: 180653

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/05/12 -- The Canadian Bankers Association today welcomed the fact that the World Economic Forum has ranked Canadian banks the soundest in the world for the fifth consecutive year.(1)

"Canadian banks are well-capitalized, well-managed and well-regulated and have remained prudent lenders, and this has been recognized by the World Economic Forum in the rankings," said Terry Campbell, President of the Canadian Bankers Association. "Our banks are a Canadian success story, serving Canadians well and contributing significantly to the growth of the Canadian economy."

Our strong, sound banks help families buy homes, help Canadians save for retirement, help small businesses to grow and thrive, and help promote Canada's brand internationally showing that this country is a great place to do business. Banks in Canada share the same values of Canadians: being prudent, practical and hard working.

Some key facts about the Canadian banking sector:

About the Canadian Bankers Association

The Canadian Bankers Association works on behalf of 54 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 274,000 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's economy. The Association also promotes financial literacy to help Canadians make informed financial decisions and works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness. .

Follow the CBA on Twitter: (at)CdnBankers

(1) World Economic Forum, Global Competitiveness Report, 2008, 2009, 2010, 2011 & 2012

(2) Harris/Decima research findings for the CBA, Fall 2011

(3) PricewaterhouseCoopers, Canadian Banks 2009: Perspectives on the Canadian Banking Industry

(4) PWC



Contacts:




Canadian Bankers Association
Rachel Swiednicki
(416) 362-6093, ext. 220
Cell: (416) 587-7733

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 05.09.2012 - 16:56 Uhr
Sprache: Deutsch
News-ID 180653
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