Laurentian Bank launches strategic plan after $117.5M loss, revenue fall in Q2

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Laurentian Bank launches strategic plan after $117.5M loss, revenue fall in Q2
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MONTREAL — Laurentian Bank of Canada's chief executive says it's launching a new strategic plan meant to make the company 'stronger, sustainable, and more profitable.

MONTREAL — Laurentian Bank of Canada's chief executive says it's launching a new strategic plan meant to make the company"stronger, sustainable, and more profitable."

The bank intends to lure in new customers by reducing complexities within its business, offering more self-serve banking capabilities and investing in technology. Its latest earnings, which were also revealed Friday, showed the bank incurred a loss of $117.5 million in its second quarter, compared with net income of $49.3 million a year earlier.

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