Ms. Clio Straram at the Indigenous and Northern Affairs Committee

On April 5th, 2022. See this statement in context.

April 5th, 2022 / 3:45 p.m.

Head, Indigenous Banking, BMO Financial Group

It's a good question.

We started this program a long time ago in 1995. Now, over 100 communities are participating in the program. I would say that the growth rate of this program really just depends on how much communities want to sign up for this program. I do think there is a lot of opportunity here for continued growth.

I should note that RBC is also being represented. Really formalized programs like this are at BMO and at RBC. The other institutions don't have formalized programs. That is another component of the equation.

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