BDC Credits Active Fiscal 2013 to More Demand From Canadian SMEs
The Business Development Bank of Canada (BDC) attributes recent high levels of activity in its venture capital, subordinate financing and other divisions to increased demand from small and medium-sized businesses. During fiscal 2013 ending March 31, BDC authorized $145.3 million in venture capital investments, and provided clients with $4.3 billion in loans and subordinate financing. In the same period, BDC paid a dividend of $68.6 million to its sole shareholder, the Canadian government. It plans to make an additional payment of $59.6 million in fiscal 2014.
30 August 2013•4 mins read
