 鲜花( 0)  鸡蛋( 0)
|
ATB’s new GIC now available to investors
0 S3 r! k$ {- s8 {2 l5 D9 ]
0 k' Q5 a$ j! e5 V $ c" `$ Y0 f# p, h4 H
edmontonjournal.comSeptember 1, 2009Comments (1)
( Y4 `5 t: V8 M4 y- a& R2 F 0 w6 o' ^/ C- ~- P! N
# I' k H6 a+ x
, t7 p, m+ g7 t v# @! ?% a- oEDMONTON — 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.
, {1 J; Z$ n; g1 B) C4 `& r
6 d* x0 m5 S! p. ]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.
: O3 K6 m$ e; f+ z) e8 q4 E: { O4 h$ }. e7 x5 ^& ~
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.
$ y) _. M# G/ t* a: }
. D! @% D8 L/ B) m1 C. h IFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.
1 L; P* w6 H/ D8 F, G
0 E- h5 t1 \, j: F“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.
& j; K! S P* o+ _% |% v( J' ~/ e+ ~3 c
“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
' E, N q6 u5 A% T1 L2 J3 o& _
( F" |! H+ K& z# b' JThe GICs will be available for a limited time only. |
|