JMMB News

JMMB Bank, having made the transition to the commercial banking landscape in 2017, has again topped its industry in its growth rate, for the period ending, June 30, 2021, according to data shared by the Bank of Jamaica (BOJ).

Seventy-eight per cent of the JMMB Group’s team across the three countries in which the company operates – Dominican Republic, Jamaica and Trinidad & Tobago- has been vaccinated against COVID-19, according to reports by the company.  This represents a positive snapshot of the results of ongoing efforts to engage its team and sensitize them with meaningful and credible information in a bid to reduce vaccine hesitancy, in addition to facilitating access for those who wish to be vaccinated. 

Caribbean Information and Credit Rating Services Limited (CariCRIS), in a statement issued in October, has reaffirmed the issuer/corporate credit ratings of jmA+ (Local Currency Rating) and jmA (Foreign Currency Rating) on the Jamaica national scale to JMMB Group Limited (JMMBGL). These national scale ratings indicate good creditworthiness of JMMBGL compared to other obligors in Jamaica. 

JMMB Fund Managers Limited (JMMBFM) has recorded approximately 520% growth in its funds under management (FUM) in the last five years, as at August 31, 2021. The subsidiary now holds third position in the market, with over J$41.2 billion in funds under management, having outpaced NCB Capital Markets Ltd. and Barita Unit Trusts Management Ltd.