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National Bank Press Release Summaries


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Headline: National Bank of Canada increases its stake to 100% in Credigy Ltd.
Press Release Date: 2 December 2020
Excerpt from Press release:
Montreal, 2 December 2020 –

National Bank of Canada announced that it is increasing its stake to 100% in Credigy Ltd. National Bank of Canada became a shareholder of Credigy in 2006 and subsequently increased its stake to 80%.

Founded in 2001 and headquartered in Atlanta, Georgia, Credigy is a global specialty finance company with flexibility to acquire or finance a diverse range of assets. Credigy invests in consumer-related assets across multiple asset classes and geographies. Since its foundation Credigy has closed more than 320 deals, representing over USD 16 billion invested to date.

“National Bank is proud of Credigy’s performance since its initial investment in 2006. Credigy has greatly exceeded our growth and return expectations and we continue to see attractive potential for growth in the future,” said Louis Vachon, President and Chief Executive Officer of National Bank of Canada.