News Releases

BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 3.70 Per Cent

TORONTO, July 11, 2018 /CNW/ - BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 3.45 per cent to 3.70 per cent, effective July 12, 2018.

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8^th largest bank, by assets, in North America. With total assets of $744 billion as of April 30, 2018, 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

For further information: Media Contacts: Matthew Duffin, Toronto, matthew.duffin@bmo.com, 416-867-3996; François Morin, Montreal, francois1.morin@bmo.com, 514-877-1873