Desjardins Group today announced its Q1 results. Highlights of the report include:

  • Surplus earnings before member dividends of $378 million in the first quarter of 2013.
  • Tier 1a capital ratio of 16.0% under the new Basel III rules.

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  • Operating income up 3.1%, to $2.9 billion for the first quarter.
  • Residential mortgage loans outstanding up $6.0 billion, or 7.4%, over the year to $86.6 billion.
  • Acquisition of 40% of the outstanding shares of Qtrade Financial Group, one of Canada’s leading online brokers.
  • Announcement on April 5 of the creation of an international payment solutions partnership by Desjardins Group and Crédit Mutuel-CIC Group, from France.
  • AccèsD Services client contact centres received COPC certification for the ninth consecutive year.
  • Among the 30 best employers in Quebec according to an Aon Hewitt study.

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  • More assistance to SMEs with the launch of Phase II of the Capital Croissance PME fund, which is funded by Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec.
  • Giving a total of $52 million back to members and the community in the first quarter, including the provision for member dividends, sponsorships and donations.
  • Ranked third among Most Sustainable Co-operatives in the World according to the Toronto-based magazine Corporate Knights.

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