 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors7 Y/ z |& P5 @# O: O& R
- E3 J2 @' l4 y9 ]0 N9 Q% s8 _$ K/ o
$ E% `1 |1 C: I+ X" {- w& y$ w
edmontonjournal.comSeptember 1, 2009Comments (1)
0 |+ R9 G2 e, N4 C* H2 L( Y
* L7 M6 M# m. l3 v9 j9 f " g: g' @5 l, B8 g7 k. [
: J( q! t7 j' r3 b+ uEDMONTON — Tuesday marked the first day investors could purchase a new GIC that ATB Financial says will help fellow Albertans and businesses hurting due to tight credit markets.
A e {$ v4 C C* F1 N+ V9 u$ Q) V2 D* d
The ATB Growth Note will be a five-year guaranteed investment certificate with a 4.25-per-cent interest rate, announced the provincial Crown corporation and Edmonton-based financial institution on Tuesday.) B5 l* ?2 a0 q9 @. s# ^' D
7 J) G# }, B' v* p- y! P, q
The initiative was first revealed in July as part of a commitment by ATB to increase its lending capacity to small business to offset the effects of tight credit markets by as much as $15 billion. Changes to ATB’s notional capital requirements will increase its lending capacity by about $8 billion and the investment deposit product would raise another $7 billion, ATB said at the time.3 @3 i6 C6 X. Y1 m% j. A* t
7 P6 J; [( }* J# [8 |! S) O9 m/ fFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
( Z3 T) M0 o* s" Q9 f9 G! c/ D* ?9 m6 \% S: \. h H- r2 z# q
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.' k0 i' P& x) T0 T; X
+ W. K) S& ^* \' x
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
+ L4 h# k6 ~% Y* V' a# R
+ w# L6 n k+ C* q" x* B; EThe GICs will be available for a limited time only. |
|