Business Development Bank of Canada

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The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.

BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions.

[edit] History

BDC started as the Industrial Development Bank (IDB) in 1944:

  • 1952-1964 - Amendments to the IDB Act 1944
  • 1964-1974 - diversification of services: counselling, training and planning for small business owners
  • 1975 - Federal Business Development Bank replaces the IDB
  • 1983 - Investment Banking Division created
  • 1995 - revision of Business Development Bank of Canada Act and new name - BDC

[edit] Services

The following are services provided by the BDC:

  • financial services
  • consulting services
  • subordinate financing
  • venture capital

[edit] External links

Commercial banks in Canada
AMEX Bank of Canada | ATB Financial | Bank of Montreal | BDC | CIBC | CTFS | Canadian Western Bank | Citibank Canada | Citizens Bank of Canada | First Nations | HSBC Bank Canada | Laurentian Bank | Manulife | National Bank | President's Choice Financial | RBC | Scotiabank | TD Canada Trust
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