Bank of Montreal : BMO's $10 Billion Credit Boost to Support Continued Strategic Investment in Alberta
January 26, 2012 at 12:08 pm
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CALGARY, ALBERTA--(Marketwire - Jan. 26, 2012) - BMO's
announcement today that it is making $10 billion in credit
available to businesses across Canada over the next three
years will provide important benefits to companies located
in Alberta, according to Bill Hogg, District
Vice-President, Commercial Banking, Alberta and NWT, BMO
Bank of Montreal.
"We've been seeing an impressive amount of
strategic investment by Alberta businesses," said Mr.
Hogg. "The availability of more credit will help even
more Alberta companies to grow their operations and open up
new markets. Our local bankers are also armed with limits
to make almost every lending decision right here in
Alberta."
"Further growth in business investment outlays will be
critical to ensure ongoing strength for the Alberta
economy," said Robert Kavcic, Economist, BMO Capital
Markets. "With growth in the province outperforming
the national average, the addition of supportive financial
conditions will help ensure continued momentum."
Media Contacts:
Laurie Grant
604-665-7596
laurie.grant@bmo.com
Internet: www.bmo.com
Twitter: @BMOmedia
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Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Companyâs segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard.