JMMB News

Regional financial entity, JMMB Group’s profit has jumped to J$5.49 billion, which is a 127% increase year-over-year for the period ending September 30, 2021. Additionally, the company posted net operating revenue of J$13.47 billion, which is a 25% uptick over the comparative period. This stellar performance by the Group exceeds its pre-pandemic financial profitability and is attributable to the growth in its core business operations and diversification strategy.

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.