News Releases

BMO Financial Group Increases US$ Prime Lending Rate to 7.75 Percent

CHICAGO, Feb. 1, 2023 /CNW/ - BMO Financial Group today announced that it is increasing its US$ prime lending rate from 7.50 percent to 7.75 percent, effective February 2, 2023.

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 $1.14 trillion as of October 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 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