This has been an incredibly difficult year for people around the world and certainly for Albertans. The combined impact of COVID-19 and other economic forces unique to our province has been profoundly challenging. Many Albertans found themselves experiencing changes in employment, with people being furloughed or laid off early in the pandemic, while others struggled to keep their businesses open or adapt to necessary public health measures and changing consumer behaviours.
From the very first days of the global health crisis, ATB has worked closely with our clients to help them access available supports, adapt their business models, and set the stage for post-pandemic recovery. As we look ahead, ATB will continue to find ways to stick by Albertans and offer solutions that address their most urgent economic needs while helping them look ahead to what’s possible. This includes investing in the economic health of our communities, ensuring Albertans have access to banking, helping our most vulnerable citizens, and contributing to social impact. We will also continue to help Albertans in developing the financial literacy skills they need to manage their money and achieve their goals.
|Money spent on goods and services from suppliers||$550 million||$559 million||Continue using a supply base that conforms to and reflects the standards we hold ourselves accountable to.|
|Direct economic value generated and distributed||Economic value generated: $1.7 billion||Economic value generated: $1.8 billion||Grow our direct economic value generated and distributed to the Alberta economy through execution of our Path to 2030 strategic plan|
|Economic value distributed: $1.6 billion||Economic value distributed: $1.6 billion|
|Economic value retained: $102 million||Economic value retained: $211 million|
|Net income (1)||$101.9 million||$210.5 million||Grow our net income through execution of our Path to 2030 strategic plan.|
|Economic profit||$81.6 million||$107.1 million||Grow our economic profit through execution of our Path to 2030 strategic plan.|
|Societal impact (2)||$867 million||$1.0 billion||Grow our societal impact through execution of our Path to 2030 strategic plan.|
|Range of ratios of standard entry-level wages compared to local minimum wage at significant locations of operation||1.063:1||1.063:1||Continue to keep entry-level wages above minimum wage.|