- stresses the importance that BMO attaches to the advancement of education, employment and economic independence of the indigenous and the 30And Anniversary of the BMO indigenous banking business
- Niscahtamowin ᓂᓯᑐᐦᑕᒧᐃᐧᐣan online learning initiative developed in partnership with the First Nations University of Canadait will be accessible to the public free of charge for the next three years
TORONTO, the September 14, 2022 / CNW / – BMO launched today Wicihitowin ᐑᒋᐦᐃᑐᐏᐣ (pronounced wee-chih-hito-win), its second annual report on indigenous partnerships and progress. BMO’s engagement with indigenous clients, colleagues and communities is based on three pillars – education, employment and economic empowerment – which reflect our commitment to breaking down barriers to inclusion for all. Term nêhiyaawéwin/ cri which means “help each other”, Wicihitowin ᐑᒋᐦᐃᑐᐏᐣ highlights BMO’s commitment to indigenous communities by presenting stories from customers, employees and indigenous community leaders that effectively illustrate the barriers and opportunities on the path to reconciliation.
Additionally, BMO, in partnership with the First Nations University of Canadacelebrates this year’s National Day for Truth and Reconciliation by making online learning interactive Niscahtamowin ᓂᓯᑐᐦᑕᒧᐃᐧᐣ (pronounced nis-toh-tum-win) available free to the public for the next three years. Niscahtamowin introduces students to the fundamentals of Aboriginal history: the diversity of Aboriginal peoples, treaties and agreements between nations, residential schools, Indian act and the ongoing struggle for economic and social justice.
“We are honored to inform you of the e-learning initiative Niscahtamowin and launches Wicihitowin ᐑᒋᐦᐃᑐᐏᐣ, the second Indigenous partnerships and progress report BMO’s annual report, reflecting BMO’s purpose: to have the courage to make a difference in life, as in business. For 30 years, in partnership with indigenous peoples and their leaders, we have innovated to deliver customized financial services to increase economic independence, “said Darryl White, CEO of BMO Financial Group. The success of BMO’s Indigenous Banking and educational initiatives such as the eLearning course Niscahtamowin and the progress we have made in growing indigenous employment through programs such as Career Path Miikana they are sources of inspiration on our journey to deepen our understanding of indigenous perspectives, promote reconciliation and break down barriers to inclusion for all. “
This year, BMO celebrates 30And anniversary of its Aboriginal Banking Services (ABS), which has long served Aboriginal communities across the Canada. Through its network of branches and bank offices, both in and out of reserve, the Bank offers financial education programs to Aboriginal young and old, as well as affordable financial products and services, including housing and renovation financing, fiduciary services, asset management solutions. long-term investments and financing for infrastructures and reserve economic development.
“For decades, we have expanded our indigenous banking business to help our indigenous clients and partners shape their future,” said Michael Bonner, Head, Business Banking at Canada by BMO and Head, Aboriginal Strategies. We strive to be a leader in the business sector Canada in promoting indigenous economic independence and SBA’s success in growing our customer base is a testament to the trust indigenous businesses, communities and customers have placed in us. Late last year, we welcomed Clio Straram as the new Head of Aboriginal Banking. An experienced leader, Clio is dedicated to indigenous economic empowerment, which is at the heart of BMO’s Indigenous Banking. “
Education, employment and economic empowerment: the highlights of the report
- In collaboration with the First Nations University of CanadaBMO offered free access to the course Niscahtamowin ᓂᓯᑐᐦᑕᒧᐃᐧᐣ, for the next three years, in addition to pledging $ 300,000 at the First Nations University of Canada. From the word Cree meaning “understanding”, Niscahtamowin provides information on the 500-year colonial history of Canada from the point of view of indigenous peoples. To date, 90% of BMO employees and nearly 10,000 members of the public have attended the course; it is an example of how BMO brings the spirit of reconciliation to life.
- To further support education, BMO has allocated $ 7.7 million in grants and scholarships (up from $ 5.5 million previously) out of a total of $ 16 million in donations and commitments to indigenous communities in Canada.
- BMO has intensified its indigenous employee recruitment and retention efforts by increasing the number of remote positions available to indigenous candidates, creating new internship opportunities for indigenous candidates within the design and planning team and the technology and operations team as part of a partnership with Amazon Web Services e PLATO Test and start the Career Path program Miikanaoffering personalized support to indigenous employees.
- BMO banking services are available to 270 indigenous communities across the country. BMO has provided more than $ 200 million in home equity loans to Aboriginal communities, including through its reserve home loan program.
- To support indigenous businesses, BMO increased the level of procurement of goods and services from indigenous partners and in 2022 exceeded its commitment to spend $ 10 million annually with indigenous-owned businesses by 2023.
- As part of its commitment to mobilize $ 300 billion in sustainable finance by 2025, BMO has included loans to businesses and indigenous communities in the structure of its sustainable bond program.
- For serving the interests of indigenous peoples and promoting their economic development, BMO has received Progressive Indigenous Relations (PAR) certification six times in a row. RAP is a program administered by the Canadian Council for Aboriginal Business.
On September 30th, BMO and its employees will join the people Canada observe National Day for Truth and Reconciliation to reflect on our shared history and its implications and reaffirm our commitment to truth and reconciliation.
To find out more, read the full report.
Click here to sign up for the free e-learning course Niscahtamowin or visit www.fnuniv.ca/reconciliation.
To learn more about BMO’s commitment to supporting indigenous communities, click here or visit bmo.com/indigenous-commitments.
Information on the financial group BMO
For over 200 years and still present to its clients, BMO is a highly diversified financial services provider, the eighth largest bank by assets in North America. With assets of $ 1.07 trillion as of July 31, 2022 and a committed and diverse workforce, BMO offers more than 12 million customers a broad range of products and services in the areas of personal banking and corporate services, management and merchant banking through three groups: Personal and Business Banking, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO financial group
For further information: Media relations: Marie-Catherine Noël, Montreal, [email protected]514-877-8224