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.



Related Insights



Financing Opportunity in Canada’s Indigenous Communities
Indigenous programs, Responsible banking

Many Indigenous communities in Canada are experiencing an economic renaissance. Buoyed by land claim settlements and resource contracts, they are investing in businesses and infrastructure projects that are transforming the lives of their people. It’s a remarkable growth story, and BMO is right at the heart of it. Established in 1992, the BMO Indigenous Banking […]

BMO building in Laval, Quebec Sustainability in our spaces
Environmental stewardship

At BMO, we recognize that climate change is one of the major global challenges of our time, and we strive to be a leader in environmental sustainability. Today, many of us are not going to work in our office buildings, and we’re adjusting to new ways of working remotely. We’ve powered down many of our […]

A pair of hands holding a red heart BMO pledges $1 million to support crisis relief
Community giving, Response

On March 19, BMO announced a $1 million donation to United Way to support gaps in community services urgently needed for vulnerable individuals impacted by the public health, social and economic consequences of COVID-19. As a first step, funds donated will be provided via United Way to communities across Canada affected by the virus. “Every […]