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ATB’s new GIC now available to investors
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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.: U* @* A& K v7 o/ v+ T
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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.
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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 $7 billion, ATB said at the time." E; h. T! S U, P# J7 `* q
0 n0 [* B/ |9 z6 w, QFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
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4 }( k' O. H& Y2 Y2 T8 Y“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.; k- i; D" x3 k' `0 `+ {# z0 O
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“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”; _$ `- ^" f( J. o w3 X' C: ?2 @
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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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