Near-record quarter for ATB Financial

Increased loan and deposit activity helped carry ATB Financial to a near-record quarter in the three months ended Sept. 30. The provincial financial institution reported net income of $81.7 million for its second quarter.

Increased loan and deposit activity helped carry ATB Financial to a near-record quarter in the three months ended Sept. 30.

The provincial financial institution reported net income of $81.7 million for its second quarter.

That was up 9.5 per cent over the same period in 2013, and second only to the $83.9 million earned in the three months ended June 30, 2014, when it comes to record profits.

A release issued by ATB Financial said loans topped $35 billion in the most recent quarter, a more than 10 per cent improvement over the $31.8 million loan portfolio a year earlier.

Meanwhile, deposits hit $29.8 billion, which marked a 19.5 per cent increase over the $28.6 billion in accounts in the second quarter of 2013.

“We’ve welcomed more than 20,000 new customers through our front doors so far this fiscal year,” said Dave Mowat, ATB Financial’s president and CEO.

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