EDMONTON, AB, Feb. 23, 2024 /CNW/ – ATB Financial’s third-quarter results underscore solid performance amidst challenging conditions marked by the lingering impacts of elevated inflation and interest rates.
For the period ending December 31, 2023, ATB Financial recorded total revenue of $518 million (up 7.1 per cent from last year). The revenue growth was the result of the continued support for the Alberta economy as loans grew $3.5 billion or 7% year-over-year resulting in a net loan portfolio of $50.8 billion at quarter end.
“With a net loan portfolio in excess of $50 billion, ATB Financial is able to significantly contribute to the Alberta economy,” said Curtis Stange, President and CEO, ATB Financial. “In conversations with our clients, we know they’re challenged by increasing costs, as well as more difficult access to skilled labour, to support their goals. Our personalized financial advice and solutions will help ensure continued growth in this province.”
The Energy sector led overall …
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