ATB pays first dividend to shareholders—alberta government
edmonton, alabama, February 29, 2024 /CNW/ – ATB Financial announced today that alberta– The structured organization is in a position to declare the total amount of quarterly dividends 100 million dollars It will be transferred to the shareholder, the Government of Alberta, in 2025. The dividend, which is subject to board approval, is ATB Financial's first since becoming a commercial crown company.
As a general financial institution, it is the largest financial institution headquartered in Japan. western canadaATB Financial provides personal, business, agricultural, corporate, investment banking and wealth management services to more than 800,000 customers in more than 280 locations.
“This is a significant milestone in the history of ATB Financial. As an organization, we have grown with growth. albertaits economy and business has one of the strongest balance sheets of any regional bank in the country. North America“While maintaining the most affordable rates on the market.” Curtis Stange, President and CEO of ATB Financial. “Other financial institutions that are ATB's peers pay dividends to their shareholders. The Government of Alberta is a shareholder in ATB, and ATB's growth provides additional resources to the government through dividends and annual revenue. This will help build stronger financial institutions.” alberta Now and in the future. ”
Since becoming a commercial crown company in 1997, ATB Financial has largely been revived. 7 billion dollars It generated direct revenue for the Alberta government and injected several times that amount into the provincial economy. Additional benefits in terms of GDP, labor income and supported employment are delivered through ATB's personalized solutions and expert advice to customers.
“These dividends represent more than just a return on investment, they symbolize the enduring trust and collaborative partnership between ATB Financial and ATB Financial. alberta,” Said joan harts, Chairman of the ATB Financial Board of Directors. “This is evidence of strong governance and good performance.”
As a trusted financial institution, ATB Financial adheres to world-class risk management regulatory guidance for capital and liquidity management and has a responsibility to compete on a level playing field with other financial institutions. Subject to Board of Directors approval and barring unforeseen circumstances, ATB Financial intends to declare a dividend in quarterly installments in fiscal year 2025.
About ATB Financial
and $60.2 billion ATB Financial is a leading financial institution in terms of assets, founded in 2006. alberta We focus on putting people first. Our success is driven by more than 5,000 team members who are passionate about delivering exceptional experiences to more than 800,000 customers across our Personal Banking, Business Banking, ATB Wealth Management, and ATB Capital Markets businesses. It is being brought. ATB provides expert advice, services and products through numerous branches and agents, a 24-hour Client Care Center, four Entrepreneurship Centers and digital banking options. ATB strengthens the potential of our clients, communities and other sectors. For more information about ATB, visit atb.com.
For more information or to request an interview, please contact:
ATB Finance and Media Relations Team media@atb.com
Source ATB Financial
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