August 26, 2016 4:33 AM ET

Banks

Company Overview of ATB Financial

Company Overview

ATB Financial provides retail, business, agriculture, and corporate banking and other financial services to Albertans and Alberta-based businesses in Canada. The company offers checking, savings, youth, student, senior, and US dollar accounts; mortgages; and loans, including personal loans, home equity line of credit, personal line of credit, students first line of credit, investment loans, operating loans, term loans, government guaranteed loans, letters of credit, professional practice financing, equipment loans, farmland financing, equity agri-plan loans, and loan programs. It also provides investment products, such as GICs, investment savings accounts, mutual funds, and redeemable and no...

10020 100 Street NW

Suite 2100

Edmonton, AB T5J 0N3

Canada

Founded in 1938

5,030 Employees

Key Executives for ATB Financial

Chief Executive Officer and President
Age: 53
Chief Financial Officer
Chief Strategy & Operations Officer
President of Investor Services
Vice President of Properties, General Counsel and Corporate Secretary
Compensation as of Fiscal Year 2016.

ATB Financial Key Developments

ATB Financial Collaborates with SAP SE, Ripple Labs Inc. and ReiseBank AG to Send Real International Blockchain Payment from Canada to Germany

ATB Financial has collaborated with SAP SE, Ripple Labs Inc. and ReiseBank AG to send the first real international blockchain payment from Canada to Germany. ATB successfully transferred CAD 1,000 (EUR 667) to ReiseBank using a network built on SAP technology and Ripple's pioneering network of enterprise blockchain solutions. The payment, which would typically have taken between two to six business days to process because of requirements such as settling with the counterparty bank and reconciling accounts, was completed in around 20 seconds. The blockchain, originally created as the foundation for trading the digital currency bitcoin, is a distributed ledger that allows a network of computers to settle transactions almost instantly and with inherent security. Working with a team at ATB Financial, SAP and Ripple designed and built a proof-of-concept prototype based on the technology in nine working days. It demonstrated how banks can improve the efficiency of cross-border payments to enhance their global networks and be competitive on the world stage. The technology prototype connects SAP HANA Cloud Platform, the open platform as a service from SAP, and the SAP Payment Engine application, which centralizes payment processing in one solution, with Ripple's network. For the demonstration, SAP provided a mobile user interface through which the payment was executed.

ATB Financial Reports Earnings Results for the Third Quarter of Fiscal 2016

ATB Financial reported earnings results for the third quarter of fiscal 2016. The company reported net income was $32.5 million for the last three months of 2015, down from earnings of $91.5 million in the same quarter a year earlier. Operating revenues were $381.2 million.

Alberta Treasury Branches Appoints Todd Pruden as a Member of the Board of Directors

Todd Pruden was appointed as a member of the board of directors of Alberta Treasury Branches for a term to expire on May 16, 2017.

Similar Private Companies By Industry

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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