CWB Financial Group

News & events

  • December 06, 2018

    CWB declares dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share (TSX:CWB), payable on January 3, 2019 to shareholders of record on December 14, 2018. This quarterly dividend is consistent with the prior quarter and 8% higher than the dividend declared one year ago.

  • December 06, 2018

    CWB reports very strong financial performance for fiscal 2018 and a positive 2019 outlook

    "CWB’s strategic execution and financial performance in fiscal 2018 were both very strong,” said Chris Fowler, President and CEO. “Our focus is on business owners, and we delivered a return to double-digit loan growth across our broader geographic footprint with increased industry diversification. This continued the significant progress we have made over the past several years to fundamentally transform CWB’s geographic reach and expand our future growth opportunities. Alongside ongoing balanced growth and diversification of loans and funding, we have materially increased our capabilities to support full-service client relationships, made significant progress toward the upcoming transformation of our capital and risk management processes, and worked to ensure our ongoing technology investments and focused business transformation position us to meet the rapid pace of change within our industry. All of this has made CWB more resilient to regional challenges, and better equipped to create long-term value for stakeholders throughout the business cycle."

  • November 22, 2018

    Sarah Morgan-Silvester, CWB Director, named one of Canada's Most Powerful Women

    CWB Financial Group (CWB) is excited to congratulate Sarah Morgan-Silvester, on her recognition as one of Canada’s Most Powerful Women: Top 100.

  • November 20, 2018

    CWB partners with YWCAs across Canada to empower girls

    (JOINT RELEASE WITH YWCA EDMONTON) More girls across Canada can access critical programs, thanks to a generous gift from Canadian Western Bank. Nine YWCAs across the country will share a gift of $100,000 to support girl empowerment programs.

  • September 27, 2018

    CWB receives TSX approval for normal course issuer bid

    Canadian Western Bank announced today that a normal course issuer bid authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,767,000 common shares, representing approximately 2% of the issued and outstanding common shares, has been approved by the Toronto Stock Exchange, commencing October 1, 2018.

  • August 30, 2018

    CWB reports strong third quarter financial performance and common share dividend increase

    CWB Financial Group today announced strong third quarter financial performance with record common shareholders’ net income of $62 million and pre-tax, pre-provision income of $111 million, up 11% and 10%, respectively, from the third quarter last year. Diluted and adjusted cash earnings per common share of $0.70 and $0.75 were both up 9%. Record total revenue of $205 million was up 12% from last year, including a strong 14% increase in net interest income.

  • August 30, 2018

    CWB declares dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share (TSX:CWB), payable on September 28, 2018 to shareholders of record on September 14, 2018. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and and one cent, or 4%, higher than the dividend declared last quarter.

  • June 19, 2018

    CWB invests in the Canadian Business Growth Fund

    Canadian Western Bank (CWB) is pleased to announce our investment in the Canadian Business Growth Fund (CBGF), launching today. CBGF is funded by Canada’s leading banks and insurance companies, and will help Canadian entrepreneurs access the capital they need to drive growth and expansion for their high potential mid-market businesses.

  • June 12, 2018

    CWB Wealth Management announces fund merger to streamline its mutual funds line-up

    CWB Wealth Management Ltd. (CWB WM), the manager of CWB Mutual Funds, today announced proposed changes to certain CWB Mutual Funds to reduce duplication of mutual fund offerings that have similar investment objectives across CWB WM's product lineup.

  • June 07, 2018

    CWB declares dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share (TSX:CWB), payable on June 28, 2018 to shareholders of record on June 15, 2018. This quarterly dividend is up two cents, or 9%, from the dividend declared one year ago and unchanged from the previous quarter. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX:CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on July 31, 2018 to shareholders of record on July 23, 2018.

  • June 07, 2018

    CWB reports very strong second quarter financial performance

    CWB Financial Group (TSX: CWB) (CWB) today announced very strong second quarter financial performance with common shareholders’ net income of $60 million and pre-tax, pre-provision income of $107 million, up 27% and 19%, respectively, from the second quarter last year. Record total revenue of $197 million was up 14% from last year, including a very strong 17% increase in net interest income.

  • April 27, 2018

    CWB donates to Canada's Food Banks

    Canadian Western Bank has proudly donated $70,000 total to a variety of western Canadian Food Banks.

  • April 09, 2018

    CWB announces election of directors

    Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular mailed to shareholders prior to the annual meeting were elected as directors of CWB.

  • March 22, 2018

    CWB to do its second lap as Vancouver Sun Run's title Division Sponsor

    Canadian Western Bank (CWB) is back as the Vancouver Sun Run’s Team Division sponsor on Sunday, April 22. As the country’s largest 10K race, with over 40,000 racers, it is one of CWB’s most supported initiatives.

  • March 08, 2018

    CWB declares dividends

    CWB today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share (TSX:CWB), payable on March 30, 2018 to shareholders of record on March 16, 2018. This quarterly dividend is up two cents, or 9%, from the dividend declared one year ago and and one cent, or 4%, from the previous quarter. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX:CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on April 30, 2018 to shareholders of record on April 23, 2018.

  • March 08, 2018

    CWB reports very strong first quarter financial performance

    CWB today announced very strong operating performance with record common shareholders’ net income of $62 million and record pre-tax, pre-provision income of $107 million, up 25% and 14%, respectively, from the first quarter last year. Total revenue of $193 million was up 10% from last year, including a 10% increase in net interest income and 13% growth in non-interest income.

  • February 16, 2018

    Michael Dubowec named National Leasing President and CEO

    CWB Financial Group is pleased to announce the appointment of Michael Dubowec as the new President and CEO of subsidiary company, National Leasing, effective March 1, 2018. This follows the retirement of Tom Pundyk, National Leasing’s current president and CEO, who will stay on with the company as an advisor until October 31.

  • January 31, 2018

    CWB Financial Group completes strategic acquisition of equipment finance and leasing assets

    CWB Financial Group (CWB)(TSX: CWB) today completed its previously announced acquisition of the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN).