(November 28 – 17:25 ET) – Alberta Treasury Branches continued to maintain strong earnings reporting net income of $43.3 million for the quarter ended September 30. This is an increase of $4.7 million, or 12.21% from the previous quarter.

“The personalized customer service we provide is a hallmark of ATB and we measure our success by the competitive products and services we provide,” says Paul Haggis, president and CEO of ATB.

Core net interest income for the quarter was $90.3 million, an increase of 20.70% over the $74.8 million reported for the same quarter last year. Non-interest expenses amounted to $61.8 million, up 2.72% over the $60.2 million a year ago.

ATB’s efficiency ratio was 57.41%; compared to 62.95% for the same six-month period last year.

Total assets at September 30 were a $11.2 billion, an increase of 10.16% over last year. Total loans were $9.4 billion, an increased 11.39% over last year. Customer deposits amounted $10.6 billion, an 8.48% increase over last year.