 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors' G. j: d R. F" D, o
. Q4 I X9 E9 K0 D4 U- d8 w
& ?; E+ b6 }& X+ @7 K. {+ o
edmontonjournal.comSeptember 1, 2009Comments (1)
4 H0 I3 G1 ?) P' G; x3 L$ B : U5 z5 s: \, s* F, J
1 h s2 r. I; l4 O4 J P0 Z2 X8 Y T) v
EDMONTON — 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.- ]7 G X: c2 k" [9 g
+ o! \2 \. g+ G7 b! {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.
# t5 \2 d4 l$ M+ V/ M
: |; ?8 u* ]: }+ N& fThe 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.; b7 x7 \1 O! S# a1 C
- p+ \4 x1 [0 Q* `/ w
Funds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.9 Q7 V7 |5 K" V
3 v& @, v1 E% J) M- c9 n# u
“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.8 W( \2 r1 M) m
! s7 d% t& V3 A- }
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
6 b J6 I) l# z7 z: k6 i# C( o( l% R% \' f% U O. ~+ H
The GICs will be available for a limited time only. |
|