 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors
, W& t+ n$ i( B; z% ?* h
9 m, \/ d' j& y/ ~1 N, ] , v2 i) i! S! _& Z v+ [+ R
edmontonjournal.comSeptember 1, 2009Comments (1)2 q3 {5 m; ~5 J) P# N1 r* |; Z
% G) T2 d! v8 N! R2 q9 p# c / x7 M) z4 Z) b
u( \' I2 f7 X) [# l. CEDMONTON — 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.
( G4 r' P% H6 E& i e
1 A8 x) u/ E2 y% cThe 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./ \+ q R4 F6 E, b* ~
2 p4 H5 J3 @* u1 n( |5 D9 }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 $7 billion, ATB said at the time.8 y) q; B0 }/ A1 i; k) j; i, @
' y0 X+ ]* s" H* z+ e- kFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
3 J, I2 _4 i6 r5 N$ }3 T! z
9 i' R1 m' _$ c$ E B+ G, `“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.5 |3 f, U& x& p9 t# p
9 \- s" w+ G( P7 d“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
- J3 z0 K! e5 _/ Z8 @
7 r+ v( n1 }& Y$ |4 wThe GICs will be available for a limited time only. |
|