Equitable Group Inc, founded in 1970, operates through its subsidiary, Equitable Bank.
The group is reportedly Canada’s ninth largest Schedule I bank. Initially, it was known as The Equitable Trust Company.
The group through its subsidiary offers a variety of services such as:
• High interest saving products
• Residential Lending
• Savings solutions
• Commercial lending
The company claims that Equitable Bank was launched in 2016 to meet the changing customer needs in the modern markets.
The financial service company also provide digital banking services through its subsidiary Equitable Bank.
Equitable Trust is a wholly-owned subsidiary of Equitable bank, which broadens its services by offering deposit products to assist Canadians in achieving their financial goals.
As of 2021, Equitable Bank owns and manages more than $36 billion worth of assets.
The bank claims to have expertise in two Canadian lending services sectors: Single family residents and Commercial.
Equitable Trust and Equitable Bank also provides various deposit products across different customer group.
Equitable Group Inc offers short term and long-term guaranteed investment certificates (GICs).
Short-term products include one-year cashable GICs that are redeemable after 30 days.
Under long-term, high interest saving accounts are provider by deposit brokers and authorized investment dealers across Canada.
The company’s preferred and common shares trade on the Toronto Stock Exchange under “EQB.PR.C” and “EQB” tickers.
The financial services company claims to invest in various community development programs.
Equitable Group also provides residential mortgage, reverse mortgage and equity line of credit for home purchases or repair. In addition, it also provides business clients with business enterprise solutions for entrepreneurs, specialty retailers and investors.
The financial services company claims to have expertise in multiple asset classes, including retail spaces, mixed-use properties, multi-residential units, industrial buildings, offices and condominiums.
Equitable Trust and Equitable bank are reportedly members of Canada Deposit Insurance Corporation.
Under its commercial financial group, the bank provides asset repositioning, term loans, inventory loans and construction loans.
The company also claims to promote financial learning among various stakeholders.
The Canadian bank regularly posts quarterly and annual reports, investor resources and various banking products on the official website.