TORONTO, ONTARIO--(Marketwired - Jan 27, 2015) - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 3.00 per cent to 2.85 per cent, effective January 28, 2015.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $589 billion and more than 46,000 employees at October 31, 2014.