The members of the Fédération des caisses Desjardins du Québec and Caisse centrale Desjardins vote in favour of the amalgamation of these two entities

LÉVIS, QC, Nov. 28, 2016 /CNW Telbec/ - At the special general meetings held today, the members of the Fédération des caisses Desjardins du Québec and Caisse centrale Desjardins approved the proposed amalgamation of the two entities and for this purpose adopted the amalgamation by-laws submitted to them.

Subject to the required regulatory approvals, in particular approval by the Autorité des marchés financiers, the directors and management of the amalgamating entities continue to expect the amalgamation to become effective January 1, 2017.

About Desjardins Group

Desjardins Group is the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world, with assets of more than $260 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Counted among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.

Caution concerning forward-looking statements

Certain statements made in this press release may be forward-looking. By their very nature, forward-looking statements involve assumptions, uncertainties and inherent risks, both general and specific. It is therefore possible that, due to a number of factors, the predictions, projections or other forward-looking statements as well as Desjardins Group's objectives and priorities may not materialize or may prove to be inaccurate and that actual results differ materially. Various factors that are beyond Desjardins Group's control, and therefore whose impacts on Desjardins Group are difficult to predict, could influence the accuracy of the forward-looking statements in this press release. Although Desjardins Group believes that the expectations expressed in these forward-looking statements are reasonable, it can give no assurance or guarantee that these expectations will prove to be correct. Desjardins Group cautions readers against placing undue reliance on forward-looking statements when making decisions. Desjardins Group does not undertake to update any written or verbal forward-looking statements that could be made from time to time by or on behalf of Desjardins Group, except as required under applicable securities legislation.

SOURCE Desjardins Group

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