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The Financial Group Toronto-Dominion Bank |
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Wednesday, 04 June 2008 |
Community Work
As an important player in the lives of Canadians, the Financial Group Toronto-Dominion Bank is a duty to contribute to the well-being and development of communities where they belong. During fiscal 2007, for example, the bank has made cash donations totaling 20.1 million dollars to various charitable groups recognizable in three areas: children's health, education and literacy for children and the environment.
Another means by which the Financial Group Toronto-Dominion Bank is making its contribution is the development and subsequent dissemination of studies on issues of relevance to the community or the private business community in the context of urban development . In 2007, this information included a report on the impact of the Calgary-Edmonton corridor and a study on affordable housing in Canada.
 Operations
The banking conglomerate known today as Bank Financial Group Toronto-Dominion operates three main business lines: banking services, personal and business (57.5 percent of revenues 2007); asset management (21 , 3 percent) and wholesale banking (21.3 percent).
The personal banking sector and businesses is the division's most visible since it operates branches for consumers and bank machines. At the end of fiscal 2007, the bank operated 1093 retail outlets domestic and 2638 ATMs. Through this segment, the Toronto-Dominion Bank serves about ten million customers and offers a full range of services, including banking services via the Internet. This segment includes the commercial activities of TD Canada Trust, TD Insurance and TD Meloche Monnex. The average balance of all deposits for the year 2007 was 110 billion dollars.
The Wealth Management segment operations of the Toronto-Dominion Bank meets the needs of investors who want their funds are managed by professionals or invested in transactions they conduct themselves. The segment includes three companies, including TD Waterhouse, TD Wealth Management and TD Asset Management. With this segment, the Toronto-Dominion Bank also won a clientele the USA and the UK. During fiscal 2007, the Wealth Management segment of the Toronto-Dominion Bank was responsible for the administration of some 267 billion dollars.
Finally, the Banking segment of the wholesale Toronto-Dominion Bank includes the operations of TD Securities (securities) and financial needs of enterprises, whether by investment banking, debt financing or sale derivatives. Segment of the Toronto-Dominion Bank as the highest in the world, he has clients from as far away as Singapore, Hong Kong and Sydney. The average loan obligations and clients' acceptance tottaled 17 billion dollars in fiscal 2007.
Operations Financial Group Toronto-Dominion Bank are diverse and affect all aspects of financial transactions in the private sector and businesses. If the government decides on the conditions and procedures under which a merger can occur, it is likely to generate a renewed activity in the sector. For the moment, the Financial Group Toronto-Dominion Bank has grown to become one of the biggest players on the North American market.
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