BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 5.95 Per Cent
October 26 2022 - 02:59PM
PR Newswire (Canada)
TORONTO, Oct. 26,
2022 /CNW/ - BMO Bank of Montreal today announced that it is increasing
its CDN$ prime lending rate from 5.45 per cent to 5.95 per cent,
effective October 27,
2022.
About BMO Financial
Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With
total assets of $1.07 trillion as of
July 31, 2022, and a team of diverse
and highly engaged employees, BMO provides a broad range of
personal and commercial banking, wealth management and investment
banking products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group
Copyright 2022 Canada NewsWire
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