Photo T2.jpg
AN ACTIVE AND INVOLVED GROUP. Second-quarter achievements included the unveiling of a work of art by Daniel Iregui at our new Desjardins - Downtown Montreal service centre, our participation in the Grand Défi Pierre Lavoie, and our contribution to a fundraising campaign for the YMCAs of Québec.

At the end of the second quarter ended June 30, 2018, Desjardins Group recorded surplus earnings before member dividends of $677 million, up $96 million from the same quarter of 2017.

The amount returned to members and the community was $106 million ($74 million for the same period last year) including a $71 million provision for member dividends, $25 million in sponsorships, donations and scholarships and $10 million in Desjardins Member Advantages.

"Our organization's performance means we can further our mission, innovate and fulfill our role as a socioeconomic leader," said Guy Cormier, President and Chief Executive Officer. "Innovation is at the heart of what we do. It allows us to improve services and simplify the lives of our members and clients. We were one of the first Canadian institutions to let consumers purchase home insurance and renew their mortgages entirely online."


Cooperation in action


In addition to the sustained commitment of the caisses in the communities they serve, here are some of the other ways Desjardins is making a positive difference in people's lives.

img1

Permanent work of art by Daniel Iregui at the new Desjardins - Downtown Montreal service centre.

img2

Major support provided to help young people from diverse backgrounds succeed through a $1 million contribution to the YMCAs of Québec, in particular to help furnish the Saint Roch community and sports centre in Québec.

  • Unveiling of a permanent work of art by Daniel Iregui at the new Desjardins - Downtown Montreal service centre. Desjardins is supporting Montreal media art by giving it a place of honour in its new centre.
  • Contribution of more than $1.6 million to the major fundraising campaign of the Fondation Hôtel-Dieu de Lévis under the theme "On vous rapproche de la guérison" (we bring you closer to healing).
  • New major partnership with the Bourse du carbone Scol'ERE in the amount of $300,000 taken from the $100 million fund, to teach young people about how to consume responsibly and encourage them, along with their families, to adopt new habits to reduce greenhouse gas emissions.
  • Major support provided to help young people from diverse backgrounds succeed through a $1 million contribution to the YMCAs of Québec, in particular to help furnish the Saint Roch community and sports centre in Québec.
  • Launch, with the Fédération québécoise des municipalités, of a pilot project on independent ATMs to provide ready access to cash in municipalities, in part as a way to develop tourism.
Desjardins has also been a partner for 10 years for the Grand défi Pierre Lavoie (GDPL). Seven teams participated this year.

Investing in innovation


Desjardins is constantly innovating to meet the needs of its members and clients. Here are just a few examples of the financial group's recent initiatives.

  • Launch of online, completely unassisted purchasing of home insurance from a smartphone, tablet or computer.
  • Partnership with a new fund, Luge Capital, which is focused on fintech companies and artificial intelligence applied to financial services.
  • Launch, in partnership with Novus Santé, of a new health and wellness platform specifically designed for insured individuals and their loved ones, to help them make informed decisions about their health.
  • Launch, with EDC, Groupe Siparex and Bpifrance, of the C$120 million Transatlantic Fund to finance the development of businesses in Europe and North America.
It should also be mentioned that Guy Cormier tabled a report by the advisory committee on Montreal's commercial development plan. He agreed to head up the committee following a request from the Mayor. The report makes 23 recommendations on how to address the challenges faced by merchants, including high taxation, administrative burden, construction site management and e-commerce. 

For journalists only: Chantal Corbeil
514 281-7229 / 1 866 866-7000 (Ext: 5557229)
media@desjardins.com