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The Credit Institute of Canada (CIC) (French: Institut de crédit du Canada) is a not-for-profit organization created by a special Act of Parliament on June 11, 1928. The CIC provides credit management resources, education and certification to its members and is the only organization that grants official designations to professionals in the Canadian credit management field.
Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. [45]
Crédit Agricole: 2,736.95 11 Postal Savings Bank of China: 2,217.86 12 Citigroup: 2,200.83 13 ... Royal Bank of Canada: 8 173.86 Morgan Stanley: 9 169.17 See also.
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Crédit Agricole began distributing home purchase savings products from 1967, government-regulated mortgages from 1972 and first-time-buyer loans in 1977. In 1976, the group adopted the slogan "le bon sens près de chez vous" ("common sense close to home"). [8] [16] Crédit Agricole opened its first foreign branch, in Chicago, [14] in 1979.
Credit unions are called caisses populaires in French-speaking communities of Canada. This one is located in Shediac, New Brunswick. Canada has significant per-capita membership in credit unions, representing more than a third of the working-age population. [1]
Two years later, in April 2013, KCM acquired Cheuvreux from Crédit Agricole CIB and re-branded to Kepler Cheuvreux. [10] In December 2013, Kepler Cheuvreux acquired the activities of Derivatives Capital, a French company specializing in structured products for independent financial advisors and private banks, [ 11 ] to create a new independent ...