JMMB News

The regional financial conglomerate, JMMB Group, opened its newest branch location in Punta Cana, in the Dominican Republic, earlier this month (February), continuing on its expansion nationwide, in that country. 

JMMB Bank, recently announced the launch of its point-of-sale (POS) solution which is backed by the WiPay platform -a revolutionary offering - in the local market. This partnership supports greater digitization of businesses, increased digital payments acceptance infrastructure, and facilitates omnichannel payment solutions for businesses, by bringing in-person and online sales together. 

Regional financial entity, JMMB Group is reporting a dip in its net profit to J$4.8 billion, for the nine-month period ending December 31, 2022. This reflects a 52% falloff in the Group’s earnings year-over-year, having recorded unprecedented profit in the prior year. During the period, JMMB Group also posted operating revenue of J$18.9 billion, a 14% decline, for the comparative period. The Group’s financial performance for the period was impacted by the challenging macro-economic conditions.  

The JMMB Joan Duncan Foundation, through its Share the Love initiative, distributed 3,000 care packages, valued at J$16.2M, to the elderly, disabled, and vulnerable families facing food insecurity across the island.