Investor Presentation February 2024
Large and stable base of customer deposits is a source of strength
•
A large and growing customer deposit base supports the maintenance of a sound liquidity position and reduces reliance on
wholesale funding
Customer deposits grew with the closing of the BOTW acquisition in Q2'23, further strengthening BMO's liquidity position
Customer deposits had a compounded annual growth rate of 13.6% between 2016 and Q1'24
Deposit growth has been broad-based across all lines of business
Customer Deposits¹ ($B)
654
657
544
499
468
379
329
295
303
2016
2017
2018
2019
2020
2021
2022
20232
Q1'24²
1 Customer deposits are operating and saving deposits, including term investment certificates and retail structured deposits, primarily sourced through our retail, commercial, wealth and corporate banking businesses
2 2023 and 01'24 include the impact of BMO's acquisition of Bank of the West, which closed on February 1st, 2023
BMOM
Investor Presentation ⚫ February 2024
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