ATB Archives - Page 3 of 3

30Jan

By Bob AscahNo Comments

ATB, Bankruptcies

Redwater Supreme Court Hearing-Part 3

Practicalities The effect upon Alberta's energy industry will be profound whichever way the Supreme Court decides. As the following exchanges illustrate, the role of the Receiver or Trustee in Bankruptcy is crucial in enabling creditors to be paid back. Justice Côté: Mr. Lenz, you are describing to us the consequences of a judgment of our Court dismissing appeal you say. In their factums the respondents are making an argument about the practical consequences of a judgment allowing the appeal….. (more…)

29Sep

By Bob AscahNo Comments

Agencies, ATB

ATB FINANCIAL (ALBERTA TREASURY BRANCHES) TURNS 80

Happy 80th Birthday Today ATB's Rocky Mountain House branch celebrates its 80th anniversary. ATB's history page contains a picture of the branch under the title of "providing hope." The branch was located inside the Forest Services office. According to Alf Hooke's memoire 30+5 I know, I was there (Edmonton, Institute of Applied Art, 1971): "When Mr Aberhart realized that his government would not be permitted to control the credit of the province in accordance with the legislation that had already been passed and later disallowed, other means of accomplishing, at least to some degree, a measure of control of the issuance of credit were sought. The first Treasury Branch opened on September 29th, 1938 in Rocky Mountain House and on September 30th branches were opened in Andrew, Edmonton,...

Flying under the Radar- Opinion and Analysis

13Jul

By albertarecessionwatchNo Comments

ATB

Flying under the Radar- Opinion and Analysis

Alberta Treasury Branches (ATB Financial) released its financial statements on 24 May corresponding with its Annual Public Meeting in Calgary. Uncharacteristically for the media-savvy provincial agency, it did not receive any major media mentions in spite of higher than anticipated net income ($150 million) compared to the projection released in last April's provincial budget of $27 million. Still, there were several aspects in the report that bear further scrutiny. (more…)

28Jun

By albertarecessionwatchNo Comments

ATB

Alberta Treasury Branches (ATB Financial)

2016-17 First Quarter Financial Results Originally posted 28 June 2016 Given the dreary news coming out of the commercial real estate market in Alberta this week, ATB's earnings were a surprise on the upside. ATB earned $25 million which represented nearly Budget 2016's full year estimate of earnings ($27 million) predicted on April 14th. The optimistic news in ATB's first quarter report contrasts starkly with news from commercial real estate REIT, Dream Office, that wrote down 45 per cent of its Alberta office portfolio. [See Commercial Real Estate for more details.] (more…)