National Bank Adjusts its Mortgage Rates

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC -- (Marketwire) -- 11/01/12 -- National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of Friday, November 2, 2012.

 
TERM                        CURRENT RATE (%)    NEW RATE (%)          CHANGE
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FIXED-RATE CLOSED TERM                                                      
2 years closed                         3.350           3.140          -0.210
3 years closed                         3.850           3.700          -0.150

About National Bank of Canada

With $180 billion in assets as at July 31, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has more than 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

The telephone number provided below is for the exclusive use of journalists and other media representatives. Contacts: Joan Beauchamp Senior Advisor - Public Affairs National Bank 514-394-6500