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Edmonton-based Canadian Western Bank
Edmonton-based Canadian Western Bank
(Globe and Mail)

Canadian Western Bank hit by tough margins

Stubborn net interest margins keep stifling Canadian Western Bank’s stellar loan growth.

Though the bank reported solid second-quarter earnings Thursday morning, investors were left wondering what could have been. Total loan growth jumped 12 per cent from the year prior, but the bank also saw a 16 basis point reduction in its net interest margin – the difference between the rates at which it borrows and lends money.