Mortgage lending increases at National

National Bank has reported strong earnings for the first quarter of 2017 with net income of $497 million from $261 million a year earlier, largely due to the write-off of its equity stake in Maple Financial Group.

There was growth in the bank’s key business areas too with personal lending up 6 per cent, largely due to mortgage lending.

Louis Vachon, President and CEO of National Bank said that the bank’s loans portfolio is in good shape:  “Our credit quality remains solid and our Common Equity Tier 1 (CET1) capital ratio stood at 10.6 per cent.”

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Should government update pot rules to prohibit growing in rentals?