Indigenous Banking

Bloomberg spotlights the work of BMO’s Indigenous Banking Unit

Bloomberg recently interviewed BMO’s Stephen Fay, Head, Indigenous Banking, about our approach to supporting the economic self-sufficiency and growth of Canada’s indigenous communities. Indigenous banking is a tangible way in which BMO seeks to fulfill our purpose to boldly grow the good: it seeks to break down barriers that have limited Indigenous communities’ access to capital—whether for individuals seeking home ownership or first nations governments building for the future.  In June, BMO committed to double the size of our book of Indigenous commercial loans, deposits and investments by 2025, and Fay knows just how we will do it: by sticking with what has made us a trusted partner to Indigenous communities. That’s respect, face to face relationship building and staying in it for the long haul with our customers.

Read the article here.

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