BMO Financial Group

BMO Financial Group

January 26, 2012 11:30 ET

BMO's $10 Billion Credit Boost to Support Continued Strategic Investment in Alberta

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."

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