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Chief Financial Officer, Carolyn Graham, named one of Canada's Most Powerful WomenCWB Financial Group (CWB) is thrilled to congratulate Carolyn Graham, executive vice president and chief financial officer, on her recognition as a Canada’s Most Powerful Women: Top 100 Award Winner.
CWB reports very strong third quarter financial performanceCWB Financial Group (TSX: CWB) (CWB) today announced very strong third quarter financial performance as we continue to execute our balanced growth strategy. Compared to the third quarter last year, results included positive loan growth with significantly higher net interest margin, a lower provision for credit losses, ongoing growth of relationship-based branch-raised deposits, record total revenue (teb) and substantial earnings growth, all supported with very strong regulatory capital ratios. Common shareholders’ net income of $56.3 million and pre-tax, pre-provision income (teb) of $100.9 million were up 24% and 9%, respectively.
CWB Financial Group donates $15,000 to BC fire relief effortsCWB Financial Group has made a $15,000 donation to the Canadian Red Cross to support communities affected by the ongoing fires in southern British Columbia.
CWB Franchise Finance partners with Browns Restaurant Group on term loan and development facilityCWB Franchise Finance, a division of CWB Financial Group, has provided a multi-product loan facility to Browns Restaurant Group, an award-winning Canadian franchisor based in Vancouver. The funds will be used to consolidate and refinance existing corporate debt as the company grows their presence across Western Canada and enters the Eastern Canada market.