CWB CEO Chris Fowler said the approval was a ‘major step forward’
“We are pleased that the Competition Bureau has concluded its review of this transaction,” Laurent Ferreira, chief executive of National Bank, said in a statement.
CWB chief executive Chris Fowler said in a statement that the approval was a “major step forward.”
National Bank beat analyst expectations in its third quarter, reporting profit gains in all its business segments.
The bank’s adjusted net income was $960 million for the three-month period that ended July 31, which was 23 per cent higher than the $781 million it reported a year earlier. On a per-share basis, the bank earned $2.68, up from $2.18 in the same period last year.