2019 ANNUAL REPORT
Resilience amid a challenging economy
Continuing a positive trend of several years, First West demonstrated strong financial performance in 2019. Despite overall tepid economic conditions, we achieved substantial growth in profit, deposits and our wealth management business.
Wealth Assets Under Management
Loans by Lending Sector (%)
Total Funding Composition (%)
7.0% in 2019
Revenue Mix ($)
Total Assets and AUM ($B)
Credit Rating | Long-Term
Long-term issuer rating
Credit Rating | Short-Term
Short-term issuer rating / Short-term instruments
Strong Regulatory Capital Ratio*
*as defined by BCFSA
Learn more about First West's performance and outlook.
More 2019 highlights
Giving back in the communities we call home
In 2019, we continued to help build healthier communities through our community giving activities, bringing our total to $24.7 million since 2010.
Dividends to members
We gave back $1.2 million in dividends to members in 2019, bringing total dividends to $12.6 million since 2010.
We welcomed 3,255 new members
Our membership grew by 1.3% in 2019, increasing total net new membership to nearly 59,000 since the inception of First West in 2010.