JMMB News
Want to read up on the latest news and updates from JMMB? Read through our news page to get all the latest information.
JMMB Bank Loan Portfolio Outpaces Industry During its 2018/19 FY
JMMB Bank, the newest commercial bank in Jamaica, saw growth of 26% in its loan portfolio, year-over-year, for the period ending March 31, 2019; totaling J$6.94 billion. This performance sets JMMB Bank ahead of the local banking industry’s 16.9% loan portfolio growth rate, over the same one-year period.
JMMB Joan Duncan Foundation ‘Conversations’ Helps to Transform Greater Portmore High
Greater Portmore High School (GPHS) is now able to boast an increase in students’ punctuality, reduction in both absenteeism and major behavioural challenges, in addition to improved interpersonal dynamics, since enrolling in the JMMB Joan Duncan Foundation-led, Conversations for Greatness (CFG), in September 2018.
JMMB Group Net Profit Up by 17%
JMMB Group, the regional financial group of companies, has reported J$1.12 billion in net profit, which is a 17% increase year-over-year, for the first quarter of the 2019/20 FY. Additionally, the Group recorded J$5.84 billion in operating revenue, which reflects a 25% uptick over the corresponding prior 3-month period.
JMMB Bank Hosts Seminar for Small Business Owners
Tax and marketing experts urged the small business participants in attendance at the recent (July 24) seminar hosted by JMMB Bank, at its Knutsford Boulevard branch in New Kingston, “to get the fundamentals right in the start-up and early phase of their businesses.” This, the experts said, enables entrepreneurs to access financing and other technical support, as their business grows.