Bank of Montreal 1997 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 1997 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

Bank of Montreal
Group of Companies
Index
Chairman’s Message .............. 2
Building Shareholder Value.......... 4
President’s Message .............. 14
Performance at a Glance ........... 17
Management Analysis of Operations .... 20
Consolidated Financial Statements .... 66
Glossary ...................... 90
Corporate Governance ............. 91
Shareholder Information ...........IBC
Bank of Montreal, Canada’s first bank, is a highly diversified financial services institution offering a full
range of services in all three NAFTA countries. These are the companies that serve you:
Bank of Montreal, through its Canadian operations,
is a leading and innovative provider of a complete
range of financial products and services to individuals,
small businesses, corporations, governments and
institutional clients. The Bank’s telephone banking and
Internet banking services and its automatic banking
machines, together with its nationwide network of
community-based banking locations, offer round-the-
clock service to more than six million Canadians
wherever they live, work or do business.
Nesbitt Burns Inc. is one of Canada’s leading full-
service investment firms, serving the financial needs
of
individual, corporate, institutional and govern-
ment clients through more than 125 branches across
Canada and 14 international locations.
Harris Bank provides banking, trust and investment
services to individuals, small and mid-market busi-
nesses and not-for-profit and government entities
within Chicago and surrounding communities – and is
a leading provider of corporate banking services,
primarily in the Midwest, and trust, cash management,
investment management and private banking services
throughout the United States.
mbanx
TM
,
our direct banking division, provides clients
with full-service banking by Internet, computer,
telephone, ABM, fax and mail, allowing customers to
conduct their banking anytime, anywhere, anyhow.
Cebra
®
Inc. is a full-service provider of electronic
commerce solutions. Cebra helps businesses throughout
North America improve the way they communicate
electronically with customers, suppliers and other
trading partners.
Bank of Montreal Capital Corporation, working closely
with its parent bank, provides seamless links to equity
and quasi-equity financing options for Canadian
growth companies. It has committed $200 million to
four separate programs: Bank of Montreal Small
Business Capital Program, Bank of Montreal Technology
Investment Program, Bank of Montreal Early Stage
Capital Program and Bank of Montreal Strategic
Investment Program.
Bank of Montreal Nesbitt Burns Equity Partners Inc.
is a merchant bank created by Bank of Montreal and
Nesbitt Burns to make direct equity investments in
growing North American companies, both public and
private. It manages a $300 million capital program
through offices in Toronto and Chicago.
First Canadian
®
Mutual Funds is one of Canada’s
leading families of mutual funds. With more than
$9 billion of assets under management, it is also
one of Canada’s largest.
InvestorLine
®
Discount Brokerage serves
Canada’s self-directed investors. Clients can
access their accounts and trade equities
and options through an agent, automated telephone
service, or web site around the clock for low
discounted commissions.
Jones Heward Investment Inc. has been managing
investment portfolios for high net worth individuals
since 1925. In addition to private client portfolios,
Jones Heward manages investments on behalf
of pension funds, mutual funds, endowments, trusts,
corporate operations and insurance companies.
Assets under management are approaching $13 billion.
The Trust Company of Bank of Montreal is dedicated
to the growth, administration and protection of the
financial assets of its individual and corporate clients.
Partnered with traditional banking and investment
management services, it provides professional, inte-
grated solutions to clients through advisory, agency
and trust relationships.