May 28, 2008 / 2:48 PM / 10 years ago

Laurentian Bank profit jumps in second quarter

TORONTO (Reuters) - Laurentian Bank’s (LB.TO) second quarter profit rose 21 percent due to growth in its loan and deposit portfolios, the bank said on Wednesday.

Laurentian, Canada’s eighth-largest bank by market value, said it earned C$25.1 million ($25.4 million), or 93 Canadian cents a share, in the quarter ended April 30.

    That compared with profit of C$20.7 million, or 75 Canadian cents a share, a year earlier.

    ($1=$0.99 Canadian)

    Reporting by Frank Pingue; Editing by Peter Galloway

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