News Releases

BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 2.95 Per Cent

TORONTO, July 12, 2017 /CNW/ - BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 2.70 per cent to 2.95 per cent, effective July 13, 2017.

About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $719 billion as of April 30, 2017, and more than 45,000 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, Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

For further information: Media Contacts: Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996; Valerie Doucet, Montreal, valerie.doucet@bmo.com, (514) 877-8224; Web: www.bmo.com; Twitter: @BMOmedia