ATB Financial reported Thursday that its revenues for the fiscal year, ending March 31, increased 2.6 per cent over the previous year to $1.7 billion.
“From the devastating effects of the pandemic to the crash in oil prices, our province is facing challenges we never could have imagined just a few months ago,” said Curtis Stange, President and CEO of ATB Financial, in a news release. “Just as ATB was established during the Great Depression to help Albertans recover, rebuild and cultivate prosperity, we will continue to persevere with Albertans and Alberta businesses through these difficult times.”
ATB’s complete annual report can be found here.
“We understand Alberta because Alberta is our home,” said Stange. “Together, we have made it through tough times. We will do it again because we are resilient. ATB will continue to be an industry leader that Albertans can count on as we move toward economic recovery.”
This past fiscal year, ATB supported close to 777,000 customers, up 8,000 from last year, and provided more than $16 billion in new and renewed lending. ATB’s investment management arm, ATB Wealth, helped more Albertans manage their investments with assets under administration of close to $20 billion—a solid result given market volatility, especially during the final month of the fiscal year, it said.
The financial institution has $55.8 billion in assets employing more than 5,000 people with nearly 777,000 customers in 175 branches, 139 agencies, 24-hour Client Care Centre, four entrepreneur centres, or through digital banking options.
