Business Development Bank of Canada

The Business Development Bank of Canada (BDC ) ( French: Banque de Développement du Canada ) is a state-owned banking institution which is owned by the Government of Canada. The company's headquarters is located in Montreal. The focus of the banking institution is located in the area of ​​infrastructure financing and financing solutions for start-ups, further financing, consulting for small and medium-sized enterprises. The company has more than 100 offices in the country, serves more than 28,000 customers and employs about 1,950 people ..

History

The Bank started its operations through the enactment of the Act of Parliament as the Industrial Development Bank ( IDB) in September 1944, its business operations on. IDB was at the beginning a part of the Bank of Canada. In the first years since the foundation was the core task of the Bank, the smaller industrial companies to provide financial support after the end of World War II in the transition from military products to civilian production.