Bmo exiting auto lending

bmo exiting auto lending

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Bank of Montreal BMO Q4 2023 Earnings Presentation
BMO Financial Group will cease indirect auto financing through dealers, focusing on direct personal lending solutions while continuing to. The Bank of Montreal is exiting the retail auto finance business, as it looks to redeploy resources to areas where its �competitive. BMO Financial Group is abruptly pulling out of the indirect auto financing market�a model where the car dealership acts as the intermediary.
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