Dominion Lending Centres Clearlease Reports Canadian Western (TSX:CWB) profit up on loan growth, investment income, lower provisions

Dominion Lending Centres Clearlease Reports Canadian Western (TSX:CWB) profit up on loan growth, investment income, lower provisions

VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.

The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.

CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.

The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.

Earnings per diluted share rose to 53 cents from 47 cents.

Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.

“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Canadian Western (TSX:CWB) profit up on loan growth, investment income, lower provisions

VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.

The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.

CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.

The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.

Earnings per diluted share rose to 53 cents from 47 cents.

Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.

“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Canadian Western (TSX:CWB) profit up on loan growth, investment income, lower provisions

VANCOUVER, BC (June 2, 2011) Dominion Lending Centres Clearlease Reports Canadian Western Bank (TSX:CWB) is increasing its dividend amid strong results and improving credit conditions, the Edmonton-based company announced Thursday June 2, 2011.

The dividend will rise to 14 cents per common share, payable on June 30, an eight per cent increase from the previous quarter and 27 per cent higher than the dividend declared one year earlier.

CWB also reported it had $44.4 million of net income in its fiscal second quarter, a 17 per cent increase from the year-earlier period.

The Edmonton-based bank attributed the increase to a combination of loan growth, higher investment income and lower provisions for credit losses.

Earnings per diluted share rose to 53 cents from 47 cents.

Revenue increased by 10 per cent to $121.8 million in the three months ended April 30, from $111 million in the second quarter of fiscal 2010.

“Overall credit quality continued to improve and we expect this positive trend will be maintained as the economy strengthens further,” said Larry Pollock, Canadian Western’s president and CEO.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


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