Desjardins Group is in good shape, despite a marked increase in inflation, which stands at 5.7% in Quebec, a first since 1991.
• Read also: When inflation hits the bottom… of the sea
• Read also: Hydro-Québec: where did the surplus electricity go?
• Read also: Inflation even worse than expected, recognizes the Bank of Canada
“The Mouvement Desjardins, with 400 billion in assets and a surplus of 3 billion, has very, very strong backs. This is not the first economic period in 122 years that is a little more turbulent, so there is no concern at this level,” explained the president and chief executive officer, Guy Cormier.
In 2021, Desjardins Group has made considerable gains according to its president.
“It’s been an excellent year at Desjardins, our membership growth is 82,000 more in the corporate and personal sectors, 150,000 new clients at the level of our damage insurance companies,” he said. -he says.
With surpluses of nearly $3 billion, the cooperative will therefore be able to return more than half a billion $ in dividends, donations and sponsorships, added Mr. Cormier.
Questioned on the subject, Guy Cormier said he was very satisfied with the latest provincial budget. “To see that we are able to inject so much money into health, which is a real need, to see that we are able to inject so much money into education, which is a real need, me it reassures me as a citizen”, he mentioned in particular, adding that it is the efforts of the last five or six years that have made such announcements possible.
As for the $500 credit offered to a large number of taxpayers, the president of Desjardins believes that the subject must have been the subject of much debate within the Department of Finance.
“We want to help as many people as possible, then at the same time, we know that by returning money, it can perhaps stimulate an increase in consumption. All in all, I think there really are people who need the money right now. I think that the [aidera] really those people,” concluded Guy Cormier.
