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CWB - Canadian Western Bank News Story

C$26.91 0.6  2.2%

Last Trade - 6:35pm

Sector
Financials
Size
Mid Cap
Market Cap £1.35bn
Enterprise Value £3.19bn
Revenue £517.8m
Position in Universe 157th / 2677

Canadian Western Bank second-quarter profit falls 37 percent

Thu 2nd June, 2016 12:14pm
TORONTO, June 2 (Reuters) - Canadian Western Bank  CWB.TO  
reported a 37 percent decline in second-quarter profit 
reflecting a ramp up in funds set aside to cover loans to oil & 
gas companies that have turned sour. 
    The bank, based in Canada's oil-rich Alberta province, 
reported net income for the quarter of C$32.2 million ($24.6 
million) or C$0.41 per share, in line with analysts forecasts. 
($1 = 1.3101 Canadian dollars) 
 
 (Reporting by Matt Scuffham) 
 ((matthew.scuffham@thomsonreuters.com; +1 416 687 7591; Reuters 
Messaging: matthew.scuffham.reuters.com@reuters.net)) 
 
Keywords: CANADIANWESTERN RESULTS/
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