Bloomberg spotlights BMO's Indigenous Banking Unit
Globe and Mail Article: BMO’s Stephen Fay Takes Bay Street to Labrador
Pride of a Nation: The Piikani Nation of southwest Alberta
National Post Article: New tools to promote Aboriginal self-empowerment
Indigenous Enterprise: Membertou First Nation of Nova Scotia
Siksika Nation: Planning for Seven Generations
Fostering community and economic development
BMO provides improved access to financial products and services for our Indigenous customers on- and off- reserve.
Here’s how we help:
- Access to banking – Through our network of branches servicing Indigenous customers on- and off- reserve, we provide improved access to financial products and services.
- Home ownership – Our On-Reserve Housing Loan Program addresses the structural issues that have been a barrier to home ownership on reserves, and provides members the opportunity to own their own home or finance renovations to existing homes. Home ownership strengthens communities by providing stability and opportunities for continuity between generations.
- Economic development – we support the economic growth of Indigenous communities through trust services, investment management solutions and long-term financing for on-reserve infrastructure and business development.
- Infrastructure – BMO has provided financing that has helped bring roads, sewers and water treatment facilities to remote communities, creating the conditions for sustainable and healthy neighbourhoods.
Once those foundations are set, BMO helps Indigenous communities take the next leap forward, financing new businesses and infrastructure, which provides places to come together, work, learn and play.
Supporting culture and education
Social supports are crucial to economic development, so we also provide funding to community partners through grants and sponsorships to Indigenous-focused charities and community groups like the Ron Jamieson BMO Financial Group Indigenous Awards scholarships, and initiatives like imagineNATIVE Film Festival.
Recognized leader in Indigenous relations
The Canadian Council for Indigenous Business has recognized BMO Financial Group with a gold level Progressive Indigenous Relations (PAR) award for our approach to the Indigenous market and for understanding the business case for a diverse workforce and equitable, supportive workplace. We’ve been working for more than a decade to make ourselves an employer of choice and business partner to Indigenous communities, businesses and individuals. The PAR award provides an opportunity for discussion and dialogue while raising awareness of the growing contribution Indigenous business is making to the Canadian economy.