Indigenous Banking

Bloomberg spotlights the work of BMO’s Indigenous Banking Unit


Bloomberg recently interviewed BMO’s Stephen Fay, Head, Indigenous Banking, about our approach to supporting the economic self-sufficiency and growth of Canada’s indigenous communities. Indigenous banking is a tangible way in which BMO seeks to fulfill our purpose to boldly grow the good: it seeks to break down barriers that have limited Indigenous communities’ access to capital—whether for individuals seeking home ownership or first nations governments building for the future.  In June, BMO committed to double the size of our book of Indigenous commercial loans, deposits and investments by 2025, and Fay knows just how we will do it: by sticking with what has made us a trusted partner to Indigenous communities. That’s respect, face to face relationship building and staying in it for the long haul with our customers.

Read the article here.



Related Insights



Food bank at Instituto del Progreso Latino Instituto del Progreso Latino pivots to keep their community safe
Community giving, Diversity and inclusion, Response

“What folks need right now is different than last month, and next month it will change again. So we keep listening and learning to understand how we can help,” says Karina Ayala-Bermejo, CEO of Instituto del Progreso Latino. “When we can respond right away to the needs of our community, that’s where we can really […]

An adult watches over four children as they roast marshmallows by the campfire Indigenous Banking Spotlight: Siksika Nation
Indigenous programs, Responsible banking

In this video, Doug Bourque, VP – Indigenous Banking, visits with Ouray Crowfoot, CFO of Siksika Nation, to talk about how BMO is helping to support the development of a sustainable future for the Siksika Nation, located just outside of Calgary, AB. Economic development is an urgent priority, but it’s also the work of generations. […]

Travis Kirton “Everything is Possible”: Building Relationships with Indigenous Employees and Communities
Indigenous programs

Marc Kilchling, an Associate Private Banker with BMO Private Wealth in Toronto who is also a proud member of Wiikwemikoong Unceded Territory, recently interviewed Manitoban commercial banker Travis Kirton, a proud member of the Métis Nation, about his life and career.  As a young child, Travis Kirton split his time between his grandparents’ farm in […]