May 3 (Reuters) - Canadian mortgage provider Equitable Group Inc EQB.TO said on Wednesday it had added three more banks to a syndicate that would fund its C$2 billion ($1.46 billion) loan commitment.
Subprime mortgage lenders in Canada have been racing to shore up confidence in their model as depositors pulled more money out of rival Home Capital Group Inc 's HCG.TO high-interest savings accounts.
Lenders have suffered since a securities regulator alleged last month that alternative lender Home Capital hid mortgage broker fraud from investors.
Equitable Group said on Wednesday that the syndicate of lenders supporting its two-year loan commitment now also includes Bank of Montreal BMO.TO , Royal Bank of Canada RY.TO and Bank of Nova Scotia BNS.TO . this week, Equitable Group said it had received a letter of commitment for the C$2 billion secured funding facility from banks including Toronto-Dominion Bank TD.TO , Canadian Imperial Bank of Commerce CM.TO and National Bank of Canada NA.TO . Group's shares were up 1.2 percent at C$46.62 in morning trading.