National Bank has sold three of its Quebec branches to Desjardins Group for an undisclosed amount.

National said only loans and deposits will be affected by the transfer of the Abitibi region branches in Matagami, Senneterre and Lebel-sur-Quevillon to Desjardins.

“We are maintaining our presence in the region with eight other branches and will continue to provide a full line of financial, brokerage and insurance products to all our retail and commercial customers,” said Kathleen Zicat, vice-president for Laval and northern and western Quebec.

National Bank has nearly $81 billion in assets and, together with its subsidiaries, employs close to 17,000 people.

Desjardins Group is an integrated co-operative financial group with more than million members and clients and overall assets of close to $100 billion as of December 31.