Business Development Bank of Canada

From Wikipedia, the free encyclopedia

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.

BDC 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 - BDC

The following are services provided by the BDC:

financial services
consulting services
subordinate financing
venture capital

Commercial banks in Canada
AMEX Bank of Canada \| ATB Financial \| 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

Retrieved from "http://en.wikipedia.org../../../b/u/s/Business_Development_Bank_of_Canada_e5c6.html"

Categories: Banks of Canada | Crown corporations of Canada | Companies established in 1944

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