Canada NewsWire
TORONTO, June 20, 2018
TORONTO, June 20, 2018 /CNW/ - BMO Bank of Montreal today announced it is committed to advancing $3 billion in capital to women-owned businesses across Canada over the next three years.
The announcement builds on BMO's commitment of $2 billion in credit for business owners announced in 2014 and follows its recent partnering with Carleton University and The Beacon Agency to release Everywhere, Every Day Innovating: Women Entrepreneurs & Innovation. The BMO report along with the Canada-U.S. Council for the Advancement of Women has identified access to capital and credit as a significant issue for women entrepreneurs.
The BMO study also highlighted the greater need of recognizing women's innovations both in and out of the technology sector. The report included a discussion on funding opportunities for Indigenous female business owners.
"BMO is deeply committed to helping women entrepreneurs grow their businesses and strengthen their communities with capital, other financial products and advisory services which will ultimately support these leaders in creating new jobs and opportunities," said Dev Srinivasan, Senior Vice President and Head, Canadian Business Banking, BMO Bank of Montreal. "We are proud to go beyond solely providing banking services to female business owners by investing in research, creating innovative educational platforms and sponsoring business-related conferences and seminars with a focus on Canada's women entrepreneurs."
To continue supporting women entrepreneurs, BMO will be rolling out the following initiatives in the coming months:
Backgrounder
BMO has a long history of championing the advancement and visibility of women entrepreneurs through a number of key initiatives, including:
About BMO and Women Entrepreneurs
BMO has partnerships with organizations such as GroYourBiz, WBE Canada, Women Presidents' Organization and Catalyst. It has also developed products that address the needs of its female clients, including the recent Women in Leadership Mutual Fund – the first impact investing mutual fund offered by a Canadian bank focused on gender diversity.
For more information about BMO for Women, please visit: bmoforwomen.com and join the social conversation using #BMOforWomen.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $744 billion as of April 30, 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
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