TORONTO, July 12,
2023 /CNW/ - BMO Bank of Montreal today announced that it is increasing
its CDN$ prime lending rate from 6.95 per cent to 7.20 per cent,
effective July 13, 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