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CWB reports strong second quarter financial performance
Canadian Western Bank (TSX: CWB) (CWB) today announced strong second quarter financial performance including very strong earnings growth from the same quarter last year, positive loan growth, strong growth of relationship-based branch-raised deposits, higher net interest margin, stable credit quality and very strong regulatory capital ratios. Pre-tax, pre-provision income (teb) of $90.8 million was up 4% and common shareholders’ net income of $47.6 million was 48% higher.
CWB Franchise Finance leads $80 Million loan facility syndication for Holloway Lodging
CWB Franchise Finance, a division of CWB Financial Group, today announced it has provided an $80 million loan facility to Holloway Lodging Corp., owners of thirty-three hotels across Canada.
CWB joins Vancouver Sun Run as Corporate Team Division title sponsor
Canadian Western Bank today announced its support of the Vancouver Sun Run as title sponsor of the Corporate Team Division for the next three years. The event is Canada’s largest 10K road race, with more than 40,000 participants and 2,300 volunteers.
Public Accountability Statement now available
CWB Financial Group’s 2016 Public Accountability Statement provides a detailed account of some of Canadian Western Bank’s (CWB) activities related to community investment, small business financing, number of employees and taxes paid in its most recent fiscal year (November 1, 2015 to October 31, 2016).
CWB reports strong first quarter financial performance
Canadian Western Bank (TSX: CWB) (CWB) today announced strong core operating performance for the first quarter, including a 12% increase in pre-tax, pre-provision income compared to the same quarter last year. Strong 11% year-over-year growth of total revenues was comprised of a 9% increase in net interest income (teb) and higher non-interest income. Common shareholders’ net income of $49.5 million was down 5% from last year.