BMO's Trucking Lending Unit Faces Credit Health Decline
Update: 2025-12-05
Description
BMOs transportation lending unit, a major player in the North American trucking industry, has experienced a significant decline in credit health during Q4. The business size shrank to nearly thirteen billion Canadian dollars, the lowest in four years, and write-offs and impairments rose. Gross impaired loans and acceptances surged to a record high of five hundred eighty-five million dollars, and write-offs increased to forty-three million dollars. Despite these challenges, provisions for credit losses decreased slightly compared to last year. This downturn reflects the ongoing pressures in the trucking and freight sectors.
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