News Releases

BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 5.95 Per Cent

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

For further information: For News Media Enquiries: Jeff Roman, Toronto, Jeff.Roman@bmo.com, (416) 867-3996