Last C$0.98 CAD
Change Today -0.03 / -2.97%
Volume 60.2K
PWC On Other Exchanges
Symbol
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Toronto
OTC US
As of 12:40 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

140 Fullarton Street

20th Floor

London, ON N6A 5P2

Canada

Phone: 519-488-1280

Fax: 519-488-1298

Pacific & Western Credit Corp., through Pacific & Western Bank of Canada, provides lending services to selected markets and receives deposits through a diversified deposit broker network. The company receives deposits through a network of financial advisors and is a member institution of the Canada Deposit Insurance Corporation (CDIC). It invests these funds in loans, leases, commercial mortgages, residential development mortgages, equity and debt of corporations, and government guaranteed securities, all of which are designed to provide a rate of return with a limited risk of default. The company, through its lending activities, provides capital lease and loan transactions to public sector and corporate borrowers, as well as new program lending (lease portfolio financing), project finance (public-private infrastructure and development, privatization initiatives, infrastructure build) and structured products (mezzanine debt). It focuses on real estate and development lending transactions in southwestern Ontario. The company, through the bank, has two primary business activities, namely deposit services and lending services. Deposit Services Deposit services are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through a network of deposit brokers across Canada. Lending Services The company’s lending business is organized into three primary segments, being public sector lending, corporate financing, and real estate lending. Lending operations are supported by lending teams located in London, Ontario and Calgary, Alberta. Public Sector Lending: The company provides financing directly and indirectly to public sector entities and also participates in private public partnership financing arrangements. This lending segment has two primary components, being loans and leases, and short term and bridge financing. It provides loan and lease products to public sector entities including municipalities, hospitals, school boards, universities, aboriginal groups, and Federal and Provincial government agencies. Corporate Financing: The company provides loans and leases to investment grade corporations and mid-market commercial companies and participates in structured transactions. Real Estate Lending: The company provides land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages. The land and construction loans are short term loans to developers and contractors in southwestern Ontario and are for the purpose of financing residential development, including single family homes, high rise apartments/condominiums, condominium town homes, and retirement homes. Versabanq Innovations Inc. Versabanq was created to develop, market, sell, and implement information technology solutions for financial institutions. Included among Versabanq’s products is a end-to-end asset management software application, and a deposit management system specifically designed to manage deposit gathering in a non-retail, broker-based model. History Pacific & Western Credit Corp. was founded in 1970.

 

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Valuation PWC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 4.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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