TORONTO, March 8, 2018 /CNW/ - BMO Bank of Montreal announced today it is offering a financial relief program to assist customers in the Prairies and Western Canada affected by the current grain handling backlog, amid a larger than expected crop and severe winter weather.
"We stand by our customers through both good and challenging times and hope this program will help to alleviate some of the issues currently being faced by grain producers and other related businesses as a result of the backlog," said Andrew Irvine, Head, Customer Solutions, Canadian Personal & Business Banking, BMO Bank of Montreal.
The program includes:
- Deferral of loan payments
- Waiver of a new loan application and concessions on renewal fees
- Flexible terms on existing and new lines of credit for 2018 are being developed on a case-by-case basis
For further information, customers are encouraged to visit a local BMO branch, or call 1-877 CALL BMO (225-5266), or visit www.bmo.com. For information on branch locations in your area, please visit the BMO Branch Locator.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8thlargest bank, by assets, in North America. With total assets of $728 billion as of January 31, 2018, 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.
SOURCE BMO Financial Group