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Helping Albertans move forward: ATB Financial releases second-quarter results

EDMONTON, AB, Nov. 19, 2020 /CNW/ – ATB Financial’s second-quarter results highlight its commitment to helping Albertans and Alberta businesses navigate through these uncertain times while working to build a stronger province.

“Knowing the importance of advice at this critical time, we reached out to thousands of consumer and business customers who participated in our relief program to draw up personalized plans supporting their financial future,” said Curtis Stange, President and CEO of ATB Financial. “We are helping Alberta’s business owners pivot, diversify and adapt to ever-changing economic conditions while investing in our province and supporting customers with new and renewed loans of $4.6 billion.”

ATB also facilitated 17,500 Canada Emergency Business Account (CEBA) applications, ensuring more than $700 million in funding for ATB’s micro and small business customers. By using artificial intelligence to automate the application process and implementing CRA direct deposit, ATB customers quickly received the relief they needed.

During the quarter ending September 30, 2020, ATB delivered solid operating revenue of $428.4 million and significantly improved its efficiency with expenses at a two-year low. Despite a volatile market, ATB’s investment management arm, ATB Wealth, helped …

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