BMO shrinks loan-loss provisions as US outlook improves

The Bank of Montreal (BMO) reported a 36% reduction in provisions for credit losses (PCLs) in the year to April 30, thanks to higher recoveries, an improved economic outlook and lower expected losses in personal and commercial banking.

Total PCLs across performing and impaired assets totaled C$160 million ($124 million) in the second quarter of 2018, down from C$251 million the 12 months previous. The ratio of PCLs to average net loans and acceptances declined accordingly, from 0.27% to 0.17%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here