Pacific & Western releases 2007 earnings targets

    LONDON, ON, April 12 /CNW/ - David Taylor, President & C.E.O. of Pacific
& Western Credit Corp. (TSX:PWC), wishes to announce that Pacific & Western
Credit Corp. (PWC) has released its earnings targets for 2007. These targets
do not include any amounts beyond those realized at January 31, 2007 for
income that may be earned from Discovery Air Inc. or VersaBanq Innovations


    Earnings per share                                  $     0.43
    Earnings per share (fully diluted)                  $     0.42
    Return on average total assets                            0.42%
    Spread (teb)                                              1.67%
    Loan growth                                              33.00%
    Total asset growth                                       12.00%

    David Taylor stated that, "While I anticipate that there may be income
realized in 2007 from Discovery Air and VersaBanq, the likelihood and the
amount of this income is somewhat less predictable. As such, we felt that it
would not be prudent to include such income in our targets beyond that
realized at January 31, 2007."

    Pacific & Western Bank of Canada is wholly owned by Pacific & Western
Credit Corp., whose shares trade on the TSX under the symbol PWC.

For further information:

For further information: Investor Relations: Bruce Schruder, Vice
President, Investor Relations & Marketing, (800) 244-1509,; Public Relations & Media: Tel Matrundola, Vice
President, Public & Strategic Initiatives, (416) 203-0882, To
receive company news releases via e-mail: Karen McConnell, (519) 675-4204, Further information on PWC is available through Pacific &
Western's corporate web site at

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Pacific & Western Credit Corp.

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