Laurentian Bank of Canada Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sohrab Movahedi - BMO Capital Markets (Canada) - Analyst : Sohrab Movahedi, BMO Capital Markets. I appreciate the details you've shared with us. Maybe two broad questions here. When you think about this plan that you've laid -- you and the team have laid in front of us. What's the most ambitious part of this? Would you say, what's the work, where can you go wrong?

Question: Sohrab Movahedi - BMO Capital Markets (Canada) - Analyst : Okay. And so when I think about the deposit plan and the importance of the personal bank has as a deposit gathering I suppose engine for you. Is the plan four for those branches and the footprint to be solely focused on deposit gathering? Or are you still trying to sell mortgages and credit cards and other financial product at those mortgage -- at those centers as well?

Question: Sohrab Movahedi - BMO Capital Markets (Canada) - Analyst : Okay. And one last question. I think it several times you mentioned the aspiration of having a self-service it low cost to no cost. How do Laurentian Bank shareholders benefit from a low cost to no cost offering?

Question: Sohrab Movahedi - BMO Capital Markets (Canada) - Analyst : I mean, like just to be clear, but if a devil's advocate, you could raise those deposits a bit cheaper somewhere else from an efficiency ratio perspective?

Question: Sohrab Movahedi - BMO Capital Markets (Canada) - Analyst : Thank you for taking the question.