June 2, 2016 / 11:17 AM / a year ago

Canadian Western Bank second-quarter profit falls 37 percent

1 Min Read

TORONTO, June 2 (Reuters) - Canadian Western Bank 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below