National Bank adjusts its mortgage rates

Montreal, 25 May 2012 - 

National Bank has adjusted its rates for residential mortgages. The following changes will be effective as of Monday, May 28, 2012:

TERM

CURRENT RATE (%)

NEW RATE (%)

CHANGE

FIXED-RATE CLOSED TERM

 

 

 

5 years closed

5.440

5.340

0.100

About National Bank of Canada
With $175 billion in assets as at January 31, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada’s leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities via social media and learn more about its extensive community involvement at www.clearfacts.ca and www.commitment.nationalbank.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

Joan Beauchamp                                                                           
Senior Advisor – Public Affairs
National Bank
Tel.: 514-394-6500