Laurentian Bank of Canada decreases its prime rate

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Laurentian Bank of Canada

Mar 12, 2025, 15:31 ET

MONTRÉAL, March 12, 2025 /CNW/ - Laurentian Bank of Canada (TSX: LB) announces a decrease to its prime lending rate and that of B2B Bank by 25 basis points from 5.20% to 4.95% effective March 13, 2025.

About Laurentian Bank

Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians.

With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States. Laurentian Bank manages $48.8 billion in balance sheet assets and $25.9 billion in assets under administration.

SOURCE Laurentian Bank of Canada

Frédérique Lavoie-Gamache, Lead Advisor, Media and Investor Relations, (438) 364-1596, [email protected]

Organization Profile

Laurentian Bank of Canada

At Laurentian Bank, we believe we can change banking for the better. By seeing beyond numbers. Founded in Montréal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have approximately 3,000 employees working together as one team, to...