Equitable Bank increases prime rate
08 December 2022 - 07:51AM
PR Newswire (US)
TORONTO, Dec. 7, 2022
/PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), a wholly
owned subsidiary of EQB Inc. (the "Company") (TSX: EQB) (TSX:
EQB.PR.C) today announced it is increasing its prime lending rate
by 50 basis points to 6.45% from 5.95%. Equitable's wholly owned
subsidiary Concentra Bank is also increasing its prime lending rate
by 50 basis points to 6.45% from 5.95%. Both rates are effective
December 8, 2022.
About Equitable Bank
EQB Inc. trades on the Toronto
Stock Exchange (TSX: EQB and EQB.PR.C) and serves more than 370,000
Canadians through its wholly owned subsidiary Equitable Bank,
Canada's Challenger Bank™.
Equitable Bank's wholly owned subsidiary Concentra Bank supports
credit unions across Canada that
serve more than 5 million members. Equitable Bank has over
$100 billion in combined assets under
management and administration, with a clear mandate to drive change
in Canadian banking to enrich people's lives. Founded over 50 years
ago, Canada's Challenger Bank™
provides diversified personal and commercial banking and through
its EQ Bank platform (eqbank.ca) and 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 EQB Inc.
Copyright 2022 PR Newswire
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