Equitable Bank increases prime rate
14 July 2022 - 6:50AM
PR Newswire (Canada)
TORONTO, July 13,
2022 /CNW/ - Equitable Bank (the "Bank" or
"Equitable"), a wholly owned subsidiary of EQB Inc. (the "Company")
(TSX: EQB) (TSX: EQB.PR.C) (TSX: EQB.R) today announced it is
increasing its prime lending rate by 100 basis points to 4.70% from
3.70%, effective July 14, 2022.
About Equitable Bank
EQB Inc. trades on the Toronto Stock Exchange (TSX: EQB, EQB.PR.C
and EQB.R) and serves more than 340,000 Canadians through its
wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has
a clear mandate to drive change in Canadian banking to enrich
people's lives. Founded over 50 years ago, Equitable Bank provides
diversified personal and commercial banking and through its EQ Bank
platform (eqbank.ca) has been named the top Schedule I Bank in
Canada on the Forbes World's Best
Banks 2022 and 2021 lists. Please visit equitablebank.ca for
details.
Investor
contact:
Richard Gill
Vice President, Corporate Development & Investor Relations
investor_enquiry@eqbank.ca
|
Media
contact:
Jessica Kosmack
Senior Manager, Communications
jkosmack@eqbank.ca
|
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SOURCE Equitable Bank
Copyright 2022 Canada NewsWire
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