Business Development Bank of Canada

Encyclopedia : B : BU : BUS : Business Development Bank of Canada

The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.

BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions.

Contents

History

BDBC started as the Industrial Development Bank (IDB) in 1944:

1952-1964 - Amendments to the IDB Act 1944
1964-1974 - diversification of services: counselling, training and planning for small business owners
1975 - Federal Business Development Bank replaces the IDB
1983 - Investment Banking Division created
1995 - revision of Business Development Bank of Canada Act and new name - BDBC

The following are services provided by the BDC:

André Bourdeau - acting President and CEO
Cedric Ritchie - Chairman of the Board
Michel Ré - Executive Vice President, Investments
Edmée Métivier - Executive Vice President, Integrated Risk and Technology Management
Guy G. Beaudry - Senior Vice President, Corporate Affairs and Chief Planning Officer
Michel Bourret - Senior Vice President, Operations, Quebec and Atlantic Region
Jacques Lemoine - Senior Vice President, Operations, Ontario Region
Charlotte Robb - Senior Vice President, Operations, Prairies and Western Region
Alan Marquis - Senior Vice President, Finance and Chief Financial Officer
Mary Karamanos - Senior Vice President, Human Resources
Richard Morris - Vice President, Audit and Inspection
Clément Albert - Vice President and Treasurer

Commercial banks in Canada
Alberta Treasury Branches \| Bank of Montreal \| BDC \| CIBC \| CTFS \| Canadian Western Bank \| Citibank Canada \| Citizens Bank of Canada \| First Nations \| HSBC Bank Canada \| Laurentian Bank \| Manulife \| National Bank \| President's Choice Financial \| RBC \| Scotiabank \| TD Canada Trust

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