Financial Management Solutions
BMO Decreases CDN$ Prime Lending Rate To 4.70 Per Cent
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TORONTO, Sept. 17, 2025 /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 4.95 per cent to 4.70 per cent, effective September 18, 2025.
About BMO Financial Group
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
SOURCE BMO Financial Group
Frequently Asked Questions
What is BMO's new prime lending rate?
The new CDN$ prime lending rate is 4.70%, effective September 18, 2025.
What services does BMO provide?
BMO offers personal and commercial banking, wealth management, global markets, and investment banking products and services.
How many customers does BMO serve?
BMO serves 13 million customers across Canada, the United States, and select markets globally.
First published on Wed, Sep 17, 2025
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