JMMB News

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.

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. 

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.  

.The pervasive mindset in our society, which accepts unethical practices as normal was seen as problematic by the panelists of the 9th Annual Joan Duncan Memorial Lecture. The lecture was held under the theme, “A Suh De Ting Set”: The Urgent Need to Bring Back Moral and Social Ethics to our Public and Private Priorities,” held on Sunday May 15.  on TVJ.