National Bank Financial Group
TSX : NA

National Bank Financial Group

September 29, 2010 13:36 ET

National Bank Financial Joins The Canadian Geothermal Energy Association

MONTREAL, QUEBEC--(Marketwire - Sept. 29, 2010) - National Bank Financial, a subsidiary of National Bank Financial Group, is pleased to announce that it has joined The Canadian Geothermal Energy Association's (CanGEA) Corporate Membership.

National Bank Financial's membership in CanGEA represents the financial community's growing support for geothermal energy and CanGEA's initiatives, most importantly the "Canadian Geothermal Code for Public Reporting", which has revolutionized the reporting of geothermal information.

National Bank Financial Group has been particularly supportive of the Code, which aims to improve investor confidence in the industry. The Code is now being applied in the investment banking industry for company benchmarking, project development communication with investors, and in the evaluation of Code-compliant financial ratios.

"National Bank Financial decided to join the ranks of the banking members of this recognized national industry association so that it can participate in future initiatives within the natural resources and energy industry. The Canadian Geothermal Code for Public Reporting will provide a basis for transparency and consistency in the public reporting and standardization of geothermal information", explained Iain Watson, Managing Director, Investment Banking at National Bank Financial.

National Bank Financial joins Islandsbanki, Jacob Securities Inc., Wellington West Capital Markets, and Dundee Securities Corporation as CanGEA's investment banking members.

About National Bank Financial

National Bank Financial provides brokerage services to consumer, corporate, government, and institutional clients in Canada. The company offers sales and trading of fixed-income products, equities, and derivatives, and performs third-party clearing services for other financial institutions. It provides investment banking and corporate finance services as well. The firm's retail advisory business serves individual investors through some 90 offices throughout Canada (with a concentration in Quebec), managing more than $50 billion on behalf of approximately 275,000 clients. The firm also has operations in the US and Europe. National Bank Financial is a subsidiary of National Bank of Canada.

About National Bank of Canada

National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $146 billion in assets and, together with its subsidiaries, employs 18,438 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at www.nbc.ca. To access the National Bank Financial Group's financial literacy portal, visit the www.clearfacts.ca.

The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank Financial Group
    Joan Beauchamp
    Senior Advisor, Public Relations
    514-394-6500