TORONTO, April 28, 2017 /CNW/ - Home Capital
announced today an update on High Interest Savings Accounts (HISA)
withdrawals on Thursday, April
27.
HISA withdrawals for the day were approximately $290 million as compared to $472 million on Wednesday,
April 26. The balance of HISA deposits is expected to be
approximately $521 million on
Friday, April 28 after settlements of
Thursday's transactions.
Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICs, stood at $12.97 billion as at April
26.
Home Trust had liquid assets of approximately $750 million as at April
27, plus an additional portfolio of available for sale
securities of $200 million.
Home Trust has also secured a firm commitment for a $2 billion credit line, as announced
Thursday.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within
the meaning of applicable Canadian securities legislation. Please
refer to the Home Capital's 2016 Annual Report, available on Home
Capital's website at www.homecapital.com, and on the Canadian
Securities Administrators' website at www.sedar.com, for Home
Capital's Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto
Stock Exchange (HCG), operating through its principal subsidiary,
Home Trust Company. Home Trust is a federally regulated trust
company offering residential and non-residential mortgage lending,
securitization of insured residential mortgage products, consumer
lending and credit card services. In addition, Home Trust offers
deposits via brokers and financial planners, and through its direct
to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.