Vancouver, British Columbia–(BUSINESS WIRE)–BlueShore Financial reports a strong fiscal year 2021 with record earnings (net operating income) of $42 million and a return on retained earnings (RORE) of 17.8%. BlueShore’s total assets, including assets under administration, grew 6% to $6.9 billion, which includes an impressive 25% growth in wealth management assets to $1.7 billion dollars.
Despite the challenges and uncertainty felt globally due to the ongoing pandemic, BlueShore has generated strong growth and revenue to drive the business forward and deliver exceptional service to our customers. BlueShore was also pleased to increase residential lending by $130 million (5%) and commercial lending by $110 million (8%).
“Throughout 2021, we have remained strong and resilient. We have supported our clients with expert and personalized advice, helped elevate our communities, and improved our clients’ overall financial well-being,” said Chris Catliff, President and CEO. “Our strong financial performance will allow us to advance our digital strategy to advance our premium customer experience both digitally and in person, while supporting our employees in new ways of working and connecting.”
“In addition to having achieved exceptional financial results, we have also been recognized as one of the Canada’s Most Admired Corporate Cultures by Waterstone Human Capital for the fourth time,” said Peter Leitch, Chairman of BlueShore Financial. “To cap off the year, our annual independent survey showed that 85% of customers surveyed agree that BlueShore works in their best interest, compared to 58% of those who do business with other financial institutions. Awards like this confirm that BlueShore continues to create positive experiences for customers and employees. »
About BlueShore Financial
BlueShore Financial is a boutique financial institution offering a full range of personal and business banking, wealth management, insurance and commercial lending solutions. With a network of branches located throughout the Lower Mainland and Sea-to-Sky Corridor, BlueShore Financial helps clients achieve financial wellness® thanks to personalized solutions and expert advice, delivered in a unique Financial Spa® branch environment. BlueShore Financial manages over $6.9 billion in assets under administration and is consistently ranked among the top 10 financial planning firms in Metro Vancouver.
BlueShore Financial is a Caring Company of Imagine Canada, donating at least 1% of its pre-tax profits annually to charities and non-profit organizations within the communities it serves. BlueShore Financial is the trading name of BlueShore Financial Credit Union.
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