September 5, 2008 / 1:09 PM / in 9 years

Laurentian Bank profit rises; dividend up 6 pct

TORONTO, Sept 5 (Reuters) - Laurentian Bank’s LB.TO quarterly profit jumped 33 percent, helped in part by loan and deposit growth, and raised its quarterly dividend by 6 percent.

Laurentian, Canada’s eighth-largest bank by market value, said it earned C$30.9 million ($29 million), or C$1.17 a share, in the quarter ended July 31.

That compared with profit of C$23.2 million, or 85 Canadian cents a share, a year earlier.

$1=$1.06 Canadian Reporting by Frank Pingue; Editing by Frank McGurty

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