News Releases
BMO Bank of Montreal Lowers CDN$ Prime Lending Rate to 2.25 Per Cent
TORONTO, April 21, 2009 – BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 2.50 per cent to 2.25 per cent, effective April 22, 2009.
“At BMO, we believe that any qualified borrower should be able to get a loan, and we're pleased to pass on these savings to our customers,” said Frank Techar, President and CEO, Personal and Commercial Banking Canada, BMO Financial Group.
- 30 -
