ATB Financial silently announces a surprising profit
As has now become the customary, on 19 November ATB quietly released its second quarter financial statement.
Postmedia and The Globe and Mail did not report the rather surprising profit turnaround at the publicly-owned financial institution. The provincial agency's news release entitled "Helping Albertans move forward" speaks of the assistance ATB has given many of its borrowers, courtesy of a mandate of the Kenney government. According to the release ATB has "reached out" to an unspecified "thousands of consumer and business customers who participated in our relief program to draw up personalized plans supporting their financial future." Consistent with government efforts to attract investment and diversify the Alberta economy, the release states: ATB is helping...