Desjardins
OverviewSuggest Edit
Desjardins is a cooperative financial group. It operates in three segments: Personal and Business Services; Wealth Management and Life and Health Insurance; and Property and Casualty Insurance. The company offers everyday financial management, savings transactions, payment services, financing, specialized services, access to capital markets, development capital, business ownership transfers and advisory services, and through its distribution network, life and health insurance and property and casualty insurance products.
| Type | Private | |
| Founded | 1900 | |
| HQ | Lévis, CA | Map |
| Website | desjardins.com | |
| Employee Ratings | More |
Recent NewsAll News
- Desjardins increases contactless payment limit on Desjardins terminals for credit cardholders
- SmartTrade wins Desjardins deal
- Desjardins enters multi-year contract with behavioural analytics firm exagens
- Desjardins Chooses exagens Behavioral Banking Platform for Multiyear Contract to Enhance Digital Customer Relationships
Key People/Management at Desjardins
Guy Cormier
Chair of the Board, President and Chief Executive Officer
Nicolas Richard
President and Chief Operating Officer, Desjardins Global Asset Management
Christian Duceppe
Vice-President and Co-Chief Investment Officer, Public Markets
Eric Lachaine
Executive Vice-President, Caisse Network and Member and Client Services
Réal Bellemare
Senior Executive Vice-President and Chief Operating Officer,
Acting Executive Vice-President, Information Technology
Marc Provost
Vice-President and Co-Chief Investment Officer, Public Markets
Desjardins Office Locations
Desjardins has offices in Lévis, Calgary, Montréal, Ottawa and in 4 other locations
Lévis, CA (HQ)
100 Rue des Commandeurs
Calgary, CA
110 9 Ave SW #410
Lévis, CA
200 Rue des Commandeurs
Lévis, CA
6300 Boulevard Guillaume-Couture
Montréal, CA
1170 Rue Peel #300
Montréal, CA
450 Boulevard de Maisonneuve O
Desjardins Financials and Metrics
Summary Metrics
Founding Date | 1900 |
Desjardins Revenue
Desjardins's revenue was reported to be C$17.31 b in FY, 2018 which is a 1.2% increase from the previous period.
| CAD | |
|---|---|
Revenue (Q3, 2019) | 5.0b |
Net income (Q3, 2019) | 510.0m |
Cash (30-Jun-2019) | 3.4b |
Annual
Quarterly
| CAD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 4.9b | 3.0b | 3.5b | 4.1b | 4.5b | 4.1b | 4.2b | 4.6b | 3.7b | 4.3b | 4.5b | 4.1b | 5.7b | 5.3b | 5.0b |
Operating expense total | 1.8b | 1.8b | 1.7b | 1.8b | 1.9b | 1.7b | 1.8b | 1.9b | 1.7b | 1.9b | 1.8b | 1.8b | 1.9b | 2.1b | 1.8b |
Pre tax profit | 583.0m | 799.0m | 518.0m | 490.0m | 535.0m | 563.0m | 498.0m | 735.0m | 898.0m | 614.0m | 824.0m | 732.0m | 518.0m | 879.0m | 725.0m |
Income tax expense | 119.0m | 170.0m | 114.0m | 108.0m | 108.0m | 109.0m | 115.0m | 154.0m | 140.0m | 113.0m | 147.0m | 162.0m | 117.0m | 187.0m | 155.0m |
Annual
Quarterly
| CAD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.9b | 1.8b | 1.9b | 1.9b | 2.2b | 1.9b | 2.3b | 2.7b | 2.3b | 2.3b | 3.0b | 3.2b | 2.6b | 3.4b |
PP&E | 1.5b | 1.5b | 1.5b | 1.4b | 1.5b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b | 1.4b |
Goodwill | 472.0m | 472.0m | 472.0m | 472.0m | 470.0m | 470.0m | 153.0m | 153.0m | 153.0m | 121.0m | 121.0m | 121.0m | 121.0m | 121.0m |
Total Assets | 254.1b | 250.9b | 251.0b | 255.1b | 260.7b | 260.2b | 267.9b | 272.0b | 276.3b | 282.1b | 290.1b | 295.3b | 304.0b | 310.9b |
Annual
Quarterly
| CAD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Depreciation and Amortization | 40.0m | 81.0m | 122.0m | 42.0m | 130.0m | 198.0m | 41.0m | 125.0m | 191.0m | 63.0m | 127.0m | 188.0m | 61.0m | 175.0m |
Cash From Operating Activities | 1.2b | 2.2b | 1.2b | 156.0m | 1.5b | 1.2b | 2.8b | 3.7b | 2.2b | 111.0m | 1.7b | 3.1b | 110.0m | 531.0m |
Purchases of PP&E | (128.0m) | (165.0m) | (231.0m) | (79.0m) | (227.0m) | (307.0m) | (31.0m) | (136.0m) | (212.0m) | (32.0m) | (97.0m) | (165.0m) | (79.0m) | (151.0m) |
Cash From Investing Activities | (1.8b) | (2.9b) | (1.8b) | 38.0m | (414.0m) | (382.0m) | (2.2b) | (2.6b) | (1.6b) | (99.0m) | (879.0m) | (1.8b) | (725.0m) | (350.0m) |
| CAD | Q1, 2015 |
|---|---|
Debt/Equity | 0.1 x |
Financial Leverage | 12.5 x |
Desjardins Operating Metrics
Desjardins's Total Loans was reported to be C$197.5b in Q2, 2019. Desjardins's Total Deposits was reported to be C$193.3b in Q2, 2019. Desjardins's Customers was reported to be 7 m in FY, 2017.
| Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Customers | 7 m | 7 m | 7 m | |||||||||||||||
Net Earned Premiums | C$1.88 b | C$1.70 b | C$1.69 b | C$6.91 b | C$1.72 b | C$1.74 b | C$1.87 b | C$7.17 b | C$1.98 b | C$2.08 b | C$1.98 b | C$8.05 b | C$2.14 b | C$2.20 b | C$2.26 b | C$8.82 b | C$2.32 b | C$2.24 b |
Total Loans | C$152.76 b | C$155.20 b | C$156.91 b | C$159.51 b | C$160.14 b | C$162.69 b | C$164.26 b | C$166.02 b | C$167.60 b | C$171.81 b | C$173.98 b | C$177.49 b | C$178.85 b | C$184.58 b | C$187.15 b | C$190.51 b | C$191.99 b | C$197.53 b |
Total Deposits | C$150.44 b | C$152.82 b | C$154.54 b | C$156.57 b | C$158.76 b | C$163.66 b | C$161.34 b | C$160.55 b | C$169.33 b | C$172.74 b | C$171.90 b | C$171.59 b | C$174.64 b | C$181.52 b | C$182.39 b | C$183.16 b | C$186.26 b | C$193.29 b |
Desjardins Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| FÉDÉRATION DES CAISSES DESJARDINS DU QUÉBEC | ||
| FONDS DE SÉCURITÉ DESJARDINS | ||
| LA FÉDÉRATION DES CAISSES POPULAIRES DE L'ONTARIO | ||
| QUEBEC AND ONTARIO CAISSES |
Desjardins Cybersecurity Score
Desjardins Revenue Breakdown
Desjardins revenue breakdown by business segment: 34.9% from Personal and Business Services, 41.4% from Wealth Management and Life and Health Insurance and 23.7% from Property and Casualty Insurance
Desjardins Online and Social Media Presence
8.86k Twitter followers
Desjardins has 8.86k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.5% quarter over quarter
Desjardins's Trends
Twitter Engagement Stats for @DesjardinsGroup
10.1k
Tweets
2.1k
Following
8.9k
Followers
44
Tweets last 30 days
0.9
Avg. likes per Tweet
18.2%
Tweets with engagement
Desjardins News and Updates
March 23, 2020
Desjardins increases contactless payment limit on Desjardins terminals for credit cardholders
In response to the government's recommendations, Desjardins Group has adopted a number of preventive...
March 11, 2020
SmartTrade wins Desjardins deal
smartTrade Technologies, a global leader in multi-asset electronic trading solutions, announces toda...
January 23, 2020
Desjardins enters multi-year contract with behavioural analytics firm exagens
Desjardins Group has selected Montreal-based exagens and its award-winning behavioral banking platfo...
January 21, 2020
Desjardins Chooses exagens Behavioral Banking Platform for Multiyear Contract to Enhance Digital Customer Relationships
MONTREAL, Jan. 21, 2020 /PRNewswire/ -- Desjardins Group has selected Montreal-based exagens and its award-winning behavioral banking platform to further enrich the digital experience it provides members. As Canada's largest cooperative financial group and one of North America's strongest...
December 05, 2019
Desjardins COO and IT lead lose jobs over data breach
Canadian credit co-operative Desjardins has sacked its COO and IT EVP in the wake of a data breach i...
November 01, 2019
Desjardins Group data breach hit all 4.2 million members: Quebec finance minister
A June data breach that hit Canada's Desjardins Group has affected all of the financial cooperative's 4.2 million members, prompting government reforms to protect personal information in the Canadian province of Quebec, an official said on Friday.
Desjardins Blogs
February 05, 2019
Pay it forward: Become a mentor
Julien Hivon has been an Academos mentor for 2 years now. He loves sharing his passion, and he's really proud of making a difference for young people.
February 01, 2019
What you need to know about TFSAs
Although tax-free savings accounts (TFSAs) are very popular, there are still are a lot of myths about them--and some are harder to dispel than others.
January 18, 2019
Business success: it's all about overcoming challenges
Maxime Clément, 30, is the head of the first Quebec-based yeast provider for Canadian microbreweries. Read on to find out what's behind his team's success.
January 11, 2019
Tips for making your financial resolutions stick
What are your financial goals for 2019? While New Year's resolutions are easy to make, we all know how hard it is to keep them past January.
December 27, 2018
Got a new job? Thought about your insurance coverage?
You got the job! Does it come with group insurance? Even if it doesn't, chances are you'll need to take stock of your life and health insurance coverage.
December 13, 2018
Economic update: tax measures to stimulate investments in businesses
Bill Morneau, Canada's Minister of Finance, has tabled his government's economic and budget update on November 21, 2018. It contains new, targeted fiscal measures aimed mainly at stimulating investment in businesses and for the print news media.
Desjardins Frequently Asked Questions
When was Desjardins founded?
Desjardins was founded in 1900.
Who are Desjardins key executives?
Desjardins's key executives are Guy Cormier, Nicolas Richard and Christian Duceppe.
How many employees does Desjardins have?
Desjardins has 48,420 employees.
What is Desjardins revenue?
Latest Desjardins annual revenue is C$17.3 b.
What is Desjardins revenue per employee?
Latest Desjardins revenue per employee is C$357.5 k.
Who are Desjardins competitors?
Competitors of Desjardins include Royal Bank Of Canada, Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CIBC).
Where is Desjardins headquarters?
Desjardins headquarters is located at 100 Rue des Commandeurs, Lévis.
Where are Desjardins offices?
Desjardins has offices in Lévis, Calgary, Montréal, Ottawa and in 4 other locations.
How many offices does Desjardins have?
Desjardins has 13 offices.
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