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BMO Financial Group Increases US$ Prime Lending Rate to 6.25 Percent
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CHICAGO, Sept. 21, 2022 /PRNewswire/ - BMO Financial Group announced today that it is increasing its US$ prime lending rate from 5.50 percent to 6.25 percent, effective September 22, 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.
at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing our customers the best possible banking experience in the industry. our incredible team of over 46,000 people is just the tip of the iceberg. you should get to know us. we’re here to help.
View original content:https://www.prnewswire.com/news-releases/bmo-financial-group-increases-us-prime-lending-rate-to-6-25-percent-301630275.html