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Equitable Bank Announces Change to Prime Lending Rate

TORONTO, Oct. 24, 2018 /CNW/ - Equitable Bank, Canada's Challenger Bank™, has changed its prime rate by 25 basis points to 3.95 per cent, effective October 25, 2018.

For more information, please visit https://www.equitablebank.ca/primerates.

About Equitable Bank

Equitable Bank, Canada's Challenger Bank™, is the country's ninth largest independent Schedule I bank and offers a diverse suite of residential lending, commercial lending and savings solutions to Canadians. Through its proven branchless approach and customer service focus, Equitable Bank has grown to over $26 billion of Assets Under Management. EQ Bank, the digital banking arm of Equitable Bank, provides state-of-the-art digital banking services to more than 65,000 Canadians. Equitable Bank employs more than 650 dedicated professionals across the country, and is a 2018 recipient of Canada's Best Employer Platinum Award, the highest bestowed by AON. For more information about Equitable Bank and its products, please visit equitablebank.ca.

SOURCE Equitable Group Inc.

For further information: Bryan Dinh, Director, Marketing and PR, Equitable Bank, 647-600-2160