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Customers
Covarity serves over 20 financial institutions, managing over $40 billion in loans.
Customers include:
| RBC Financial Group |
RBC Financial Group is the largest bank in Canada, 4th largest in North America and 10th in the world. With over $600 billion in assets, RBC has been ranked 10th on the Global Finance list of the World's 50 Safest Banks, 2009. RBC leverages Covarity to manage their extensive commercial loan portfolio.
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| RBC Bank US |
RBC Bank formerly RBC Centura, is a wholly owned subsidiary of Royal Bank of Canada. Based in Raleigh, North Carolina, RBC Bank has total assets of more than $33 billion and operates in six states. Commercial credit monitoring with Covarity has been implemented in 15 regional banking centres.
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| BMO Financial Group |
With $416 billion in total assets and revenues in excess of $1.9 billion, the BMO Financial Group is leveraging Covarity to conduct commercial loan monitoring and portfolio management.
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| Laurentian Bank |
This story focuses on how Laurentian Bank, a $19.6 billion bank has successfully grown it’s portfolio by optimizing key processes, tightening its risk management practices and increasing borrower transparency with Covarity.
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| HSBC Bank Canada |
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the 7th largest and leading international bank in Canada. With over 9,500 offices in 85 countries and territories and assets of US$2,547 billion at 30 June 2008, the HSBC Group is one of the world's largest banking and financial services organizations.
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| Libro Financial Group |
This story discusses how Libro Financial, a $1.5 billion full-service financial institution has been able to reduce loan losses, while increasing efficiency and improving borrower relationships despite these tough times.
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| Servus |
A $10 billion financial institution based in Edmonton, Alberta, Servus implemented Covarity in 2005 to standardize the monitoring of its commercial loans across its 100 locations. With a recent merger with Common Wealth and Community Savings, Servus further expanded its best practices use of Covarity. |
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