Mr. Lemar Persaud reports

EQUITABLE BANK REDUCES PRIME RATE

EQB Inc.'s Equitable Bank is reducing its prime lending rate by 25 basis points to 4.70 per cent from 4.95 per cent.

Equitable Bank's wholly owned subsidiary, Concentra Bank, is also reducing its prime lending rate by 25 basis points to 4.70 per cent from 4.95 per cent. Both rates are effective Sept. 18, 2025.

About Equitable Bank

Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank and seventh-largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to over 761,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB, a leading digital financial services company with $137-billion in combined assets under management and administration (as at July 31, 2025). Through its digital EQ Bank platform, its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021.