Alberta-based Canadian Western Bank is open to making some portfolio purchases from Home Capital Group.
According to a transcript of the bank's most recent earnings call, President and CEO Christopher Fowler said Canadian Western's strategy is to grow Alt-A, or near-subprime loans, organically. The rest of the portfolios from Home Capital, however, are fair game.
"We're interested in looking at other portfolios within [Home Capital], and we'll see what transpires there," Fowler said, adding that the bank would be interested in — but cautious in picking as well — portfolios that will fit its risk appetite across its lines of business.
"So we will continue to look and if something makes good sense, we would look at it. If we don't find a way for it to work, we will stand aside," he said.