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BMO Financial Group Increases US$ Prime Lending Rate to 8.50 Percent

CHICAGO, July 26, 2023 /CNW/ - BMO Financial Group today announced that it is increasing its US$ prime lending rate from 8.25 percent to 8.50 percent, effective July 27, 2023.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.25 trillion as of April 30, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to over 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and inclusive society.

SOURCE BMO Financial Group