Deals
BMO Acquires $3 Billion in Oil and Gas Loans From Deutsche Bank
- Canadian bank has been investing in its stateside operations
- Deal comes as Deutsche Bank scales back in energy banking
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Bank of Montreal has a acquired a portfolio of about $3 billion in energy loans from Deutsche Bank AG.
"We are one of the leading energy investment banks in North America and we got there by continuously investing in our franchise to support our clients -- including by growing our lending portfolio with this acquisition," John Armstrong, deputy head of investment banking at BMO Capital Markets, said in an emailed statement.