ONB is committed to the responsible management of public funds with increased reporting on performance. ONB continues to improve access to, and proactive disclosure of, information related to management and investment of public funds.
ONB discloses information to the public through these reports:
On behalf of GNB, ONB is making available the Regulatory Reform Annual Reports that detail efforts, measures, and achievements made by government to improve the regulatory landscape in New Brunswick.
In the table below, ONB proactively discloses the following investment reports:
1. Signed Agreements: Financial investments that have been approved that quarter for disbursement to clients at a later date; when the project is underway or completed and conditions and/or targets are met.
2. Payments: Payments that have been dispersed to clients that were approved and committed at an earlier date. Payments are dispersed when the client meets agreed-upon targets and conditions. Payments are up to the approved amount, but can be less than the approved amount should targets or conditions not be met.
* "Payments to Client" information is posted annually, 45 days after the year end audit is complete.
* "Signed Agreements" information is posted 45 days after quarter end.
Shout out to Keswick Ridge’s @gogapauto and the Gourley brothers for diversifying their business with a push into the car wash sector. The team has already purchased multiple properties with plans to buy more this year. Here's our 2019 profile of them. https://onbcanada.ca/scale-up-program-results-new-brunswick/
ONB has committed more than $4.5 million in conditionally repayable loans since April 1 to support productivity improvement projects at 16 New Brunswick companies. https://onbcanada.ca/press-releases/improve-businesses-competitiveness/
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