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    CWB   CA13677F1018

CANADIAN WESTERN BANK

(CWB)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-30 pm EDT
22.49 CAD   +0.13%
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Canadian Western Bank : CWB opens new flagship banking centre in downtown Vancouver

07/28/2022 | 04:09pm EDT

Relocation to West Georgia Street raises market presence and client experience

CWB's new flagship banking centre in downtown Vancouver is now open. The Vancouver Main Banking Centre is characterized by a modern and state-of-the-art design in a highly visible location at 1070 West Georgia Street, and the relocation from Park Place on 666 Burrard Street will consolidate personal and business banking, wealth management and specialized real estate teams in a hybrid workspace that elevates the client experience. CWB has emerged as a clear alternative to small- and medium-sized business owners who want a proactive, high-touch banking partner, and this move strengthens CWB's commitment to Vancouver and the lower mainland.

"The B.C. market is crucial to CWB's growth, and investing in this new location is a visible commitment to our clients and employees here," says Blaine Forer, Sr. VP, B.C. Region. "Not only does this beautiful building and office space improve CWB's brand presence in downtown Vancouver, but it also boosts the ability of our teams to provide a banking experience that business owners can't find anywhere else in Canada. We look forward to welcoming our clients to this dynamic new environment and continuing to be part of their success."

The Vancouver Main Banking Centre offers specialty business banking services for small- and medium-sized companies, as well as full-service personal banking and wealth management options. It is equipped with safe deposit boxes, night depository, wheelchair accessibility, complimentary Wi-Fi and a 24-hour ATM offering surcharge-free service to partners of THE EXCHANGE® Network. The banking centre is currently open Monday to Friday from 9:00 a.m. to 4:00 p.m.

Disclaimer

Canadian Western Bank published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 20:07:42 UTC.


© Publicnow 2022
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Analyst Recommendations on CANADIAN WESTERN BANK
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Financials
Sales 2022 1 079 M 786 M 786 M
Net income 2022 321 M 234 M 234 M
Net Debt 2022 - - -
P/E ratio 2022 6,45x
Yield 2022 5,45%
Capitalization 2 091 M 1 523 M 1 523 M
Capi. / Sales 2022 1,94x
Capi. / Sales 2023 1,76x
Nbr of Employees 2 674
Free-Float 97,5%
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Technical analysis trends CANADIAN WESTERN BANK
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 22,49 CAD
Average target price 33,23 CAD
Spread / Average Target 47,8%
EPS Revisions
Managers and Directors
Christopher H. Fowler President, Chief Operating Officer & Director
R. Matthew Rudd Chief Financial Officer & Executive Vice President
Sarah A. Morgan-Silvester Chairman
Azfar Karimuddin Chief Information Officer
Robert A. Manning Independent Director
Sector and Competitors