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ATB’s new GIC now available to investors8 G* o5 x5 ?& j
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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.0 r4 |& T" w# T: D) r# Z3 _
7 v. r% \5 y, ]- k5 KThe 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.% U, G% z" H4 s: Y. j2 w5 i
$ J) i; p1 x1 d0 q' vThe 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 $7 billion, ATB said at the time.
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* U4 I; H [+ l" W8 n1 q6 Y5 k- bFunds raised by selling the notes will be used for loans to qualified Albertans and Alberta businesses.6 \ h* u; m3 V0 z' Y
" x" g7 {# r/ _% |5 W“For the first time, we are offering every Albertan a great opportunity to invest directly in Alberta,” said Dave Mowat, ATB president and CEO.9 S2 m# F& O+ \/ |
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“Every dollar invested in an ATB Alberta Growth Note will be put to work, building Alberta’s economy and helping businesses grow.”
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/ e; q0 U( j& U9 ?( r$ tThe 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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