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Bank of Montreal's quarterly profit rises
Gulf Today
|August 27, 2025
Bank of Montreal reported a rise in third-quarter profit on Tuesday, helped by higher income from interests and as it set aside less in its provisions for potential loan losses.
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High interest rates and a potential trade war with the U.S. led banks to increase loss provisions. But they now expect tariffs to have a milder impact on the economy, easing concerns over credit defaults.
BMO’s loan loss provisions came in at C$797 million ($576.83 million) during the third quarter, compared with C$906 million a year ago.
This story is from the August 27, 2025 edition of Gulf Today.
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