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ATB’s new GIC now available to investors7 i* X, L* z( @# v# J/ p2 ~
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2 N% w& s8 H l' P, a. q8 ~edmontonjournal.comSeptember 1, 2009Comments (1)
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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.6 \ X: v) N) I, q- G0 C
% \. Z3 Y2 y8 z4 ^3 Z3 E/ IThe 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.: K( y, _. R# T; h3 r+ f D4 v# R
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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.
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5 d) K5 b% Z0 DFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.+ ?# L* f3 n d5 k1 Z3 r5 M
2 a* w: S: Q# I& _“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
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“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”. U) ]" G7 j& u% z3 o1 n
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The GICs will be available for a limited time only. |
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发表于 2009-9-2 02:16
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