 | |
| Formerly | Alberta Treasury Branches (1938–2017) |
|---|---|
| Company type | Crown corporation |
| Industry | Financial services |
| Founded | September 29, 1938 in Rocky Mountain House, Alberta |
| Headquarters | ATB Place, Edmonton, Alberta |
Key people |
|
| Products | Retail and business financial services, Wealth Management |
| Revenue |  Can$1.78 billion (2021)[1] |
| Can$210.53 million (2021)[1] | |
| Total assets |  Can$55.76 billion (2021)[1] |
| Total equity | Can$4.07 billion (2021)[1] |
| Owner | Government of Alberta |
Number of employees | 5,044 (FTE, 2021)[1] |
| Website | www |
ATB Financial is a financial institution and Crown corporation wholly owned by the province of Alberta, the only province in Canada with such a financial institution under its exclusive ownership.[2]
Originally established as Alberta Treasury Branches in 1938, ATB Financial operates only in Alberta and provides financial services to over 800,000 Albertan residents and businesses. It is the largest public bank in North America and Alberta’s largest financial institution based in the province.[3][4][5] Headquartered in Edmonton, ATB Financial has over 5000 employees.
ATB is not a chartered bank, meaning it is not regulated by the Canadian federal government under the Bank Act and associated regulations. ATB is instead regulated entirely by the Government of Alberta under the authority of the ATB Financial Act and associated regulations;[6][7] the legislation is modeled on the statutes, regulations, and guidelines which govern banks and other federally chartered financial institutions. ATB is not a member of the Canada Deposit Insurance Corporation or Alberta's provincial Credit Union Deposit Guarantee Corporation; deposits are instead fully guaranteed by the Government of Alberta itself.[8][9] ATB Financial is one of fifteen financial institutions that participates in Canada's Large Value Transfer System.
- ^ a b c d e "ATB Financial Annual Report 2021" (PDF). ATB 2021 Annual Report. ATB Financial. Retrieved February 13, 2022.
- ^ "Glen Hodgson – Time to Review ATB Financial: Is It Still Needed as a Crown Corporation? | C.D. Howe Institute | Canada Economy News | Canadian Government Policy". www.cdhowe.org. Retrieved November 12, 2022.
- ^ "Alberta's Public Bank: How ATB Can Help Shape the New Economy". Parkland Institute. Retrieved November 12, 2022.
- ^ "ATB Financial - Alberta Treasury Branches". www.canadabanks.net. Retrieved November 12, 2022.
- ^ "ATB Financial". Alberta Chambers of Commerce. Retrieved November 13, 2022.
- ^ Cite error: The named reference
2017 name changewas invoked but never defined (see the help page). - ^ "O.C. 241/2018". Queen's Printer for Alberta. Retrieved July 9, 2020.
- ^ "Financial service providers regulated in Alberta". Alberta.ca. Government of Alberta. Retrieved July 14, 2019.
The repayment of money deposited with ATB Financial and interest payable on that money is guaranteed by the Alberta government.
- ^ Greenwood, John (May 10, 2011). "Is Alberta Treasury Branches the nation's strongest bank?". Financial Post. Postmedia Network. Retrieved July 14, 2019.