Bank of Montreal is exploring sale of RV loan portfolio 

Bank of Montreal (BMO) is reportedly exploring the sale of a portfolio of recreational vehicle loans with a face value of at least $5 billion. The Canadian lender is said to be in discussions with potential buyers, including credit arms of alternative asset managers. Many banks in North America have been shedding loan portfolios to bolster their balance sheets in response to the current ‘higher-for-longer’ interest rate environment. The sale of loan portfolios helps lenders manage risk and reduce credit loss provisions or capital set aside for potential defaults. BMO has not commented on the specific transaction.