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.
International matchmaker and entrepreneur Paul Brunson headlines JMMB's Elevate 5.0
Internationally acclaimed author, entrepreneur, and relationship expert Paul Carrick Brunson will headline the JMMB Grou
JMMB Group Announces Top 3 SMEs in Pitch Competition
To mark the one-year anniversary of its SME Accelerator programme, JMMB Group announced the top three small and medium-sized enterprises (SMEs) in its pitch competition, during a recent CEO Mingle held at the AC Hotel. Water Drops, a Mandeville-based water refill store, supplying high quality purified drinking water and water drinking accessories, copped the top prize of J$500K.
JMMB Group Posts J$3.6B in Profit, Despite Challenging Macro-Economic Environment
Regional integrated financial services provider, The JMMB Group, recorded J$3.63 billion in net profit for the six-month period ending September 30. Additionally, the Group posted net operating revenue of J$ 12.39 billion, which is an 8% decline, compared to prior year. The falloff in the Group’s financial performance for the period is attributable to challenging macro-economic conditions.
Rating Agency, CariCRIS, Upgrades JMMB Group Limited Corporate Rating to ‘High Creditworthiness’ on National Scale
Caribbean Information and Credit Rating Services Limited (CariCRIS), in a statement issued last month (September), upgraded JMMB Group Limited’s corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and jmAA- (Local Currency Rating) and jmA+ (Foreign Currency Rating) on the Jamaica national scale. The national scale ratings indicate ‘high creditworthiness’ of JMMB Group compared to other obligors in Jamaica. While, on the regional scale ratings, JMMB Group has been assigned a ‘good level of creditworthiness’ in relation to other obligors in the Caribbean.