Equitable Bank increases prime rate

TORONTO, April 13, 2022 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), a wholly owned subsidiary of Equitable Group Inc. (the "Company") (TSX: EQB) (TSX: EQB.PR.C) (TSX: EQB.R) today announced it is increasing its prime lending rates by 50 basis points to 3.20% from 2.70%, effective April 14, 2022.

About Equitable Group Inc.

Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB, EQB.PR.C and EQB.R) and serves more than 325,000 Canadians through its wholly-owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking services. Please visit equitablebank.ca for details.

About Equitable Bank

SOURCE Equitable Bank

For further information: Investor contact: Richard Gill, Vice President, Corporate Development & Investor Relations, investor_enquiry@eqbank.ca, 416-513-3638; Media contact: Jessica Kosmack, Senior Manager, Communications, jkosmack@eqbank.ca, 647-600-2512

News