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BRIEF-BMO says branch count likely to fall over medium term

Published 2016-05-25, 02:51 p/m
© Reuters.  BRIEF-BMO says branch count likely to fall over medium term

May 25 (Reuters) -
* Bank of montreal cfo says sees ongoing cost savings
upwards of c$200 million from restructuring
* Bank of montreal says likely in medium term that branch
count will be slightly down
* Bank of montreal cro says expects increase in loan
impairments from current level
* Bank of montreal cro says most of loans becoming impaired
in last quarter were from u.s.
* Bank of montreal cfo says cannot say wednesday's
restructuring charge will be last bank takes

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