CIBC raises prime lending rate
July 13 2022 - 3:29PM
PR Newswire (Canada)
TORONTO, July 13,
2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today
announced that it is raising its Canadian prime lending rate by 100
basis points from 3.7 per cent to 4.7 per cent, effective
Thursday, July 14, 2022.
About CIBC
CIBC is a leading North American financial institution with 13
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets businesses, CIBC offers
a full range of advice, solutions and services through its leading
digital banking network and locations across Canada, with offices in the United States and around the world.
Ongoing news releases and more information about CIBC can be found
at www.cibc.com/en/about-cibc/media-centre.html
SOURCE CIBC
Copyright 2022 Canada NewsWire
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