Business Development Bank of Canada

Business Development Bank of Canada
Company typeCrown corporation
IndustryDevelopment banking Consulting
Founded1944 in Montreal, Quebec, Canada
HeadquartersPlace Ville Marie
Montreal, Quebec, Canada
Key people
Total assets$30.6 billion (2019)[1]: 30 
Number of employees
2,300 (2019)
Websitewww.bdc.ca

The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.[2]

Founded in 1944,[3] its corporate headquarters is located in Montreal and it has more than 123 business centres working with 60,000 clients.[4] BDC's debt obligations, secured by the Government of Canada, are issued to public and private sector institutions.

  1. ^ "2019 Annual Report" (PDF). www.bdc.ca. Retrieved 2019-08-07.
  2. ^ "Business Development Bank of Canada Act". Justice Laws Website. Retrieved 2012-05-04.
  3. ^ "History of the Business Development Bank of Canada". BDC. Retrieved September 2, 2022.
  4. ^ BDC Annual Report, 2017 Retrieved 2018-01-23