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 Joan Duncan Foundation Invests J$1.2M in Summer Programmes to Reduce Learning Loss and Boost Youth Development
The JMMB Joan Duncan Foundation this year invested J$1.25M into youth summer programmes, to assist hundreds of students to recover from learning loss, caused by disruption in their academic programmes as a result of the pandemic; and support youth development activities for mainly at-risk youth.
JMMB Group Acquires Banco Múltiple Bell Bank, S.A. in the Dominican Republic
JMMB Holding Company, SRI and its parent JMMB Group Limited, on Thursday, July 28, received final regulatory approval for the purchase of 100% of the shares in Banco Múltiple Bell Bank, S.A. in the Dominican Republic, as well as merger of that entity with Banco Ahorro y Crédito, JMMB Bank, S.A., a savings and loan bank, acquired by JMMB Group in 2014.
JMMB Group Diversification Strategy Pays Off
The JMMB Group, during its end of year investor briefing on June 9, shared that its diversification strategy, across business lines, geographies and client segments, has resulted in it hitting its highest ever profit of J$12.02 billion, for the 2021/22 financial year, which represents a 56% jump year-over-year.
JMMB Group Posts Highest Ever Profit of J$12B for 2021/22 Financial Year
The JMMB Group saw net profits hitting an all-time high of J$12.02B for its financial year ending March 31, reflecting a 56% increase in earnings year-over-year for the regional financial conglomerate. The Group also posted operating revenue of J$26.6 billion, up 19%, over the reporting period.