Laurentian Bank of Canada (LB) AGM 2025 summary

Opening remarks and agenda

• Cautionary notice on forward-looking statements was presented, highlighting risks and uncertainties in projections.

• Confirmation of proper notice to shareholders and establishment of quorum for the meeting.

Board and executive committee updates

• Three new independent directors with expertise in innovation, IT, cybersecurity, and risk management joined in February 2024.

• Creation of a new Information Technology Committee to enhance governance and ensure robust technology and cybersecurity.

Financial performance review

• Progress made in 2024 on strategic priorities, including streamlining operations and divesting certain capital markets activities to focus on profitable areas.

• Merger of LBC Capital and Northpoint Commercial Finance brands, with growth in specialized sectors and dealer network expansion.

• Investments in technology to improve digital capabilities and customer experience, with continued focus in 2025.

• Solid capital and liquidity positions maintained despite turbulent macroeconomic conditions.