JMMB News

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.

The JMMB Joan Duncan Foundation has joined with other corporate donors to make the near-completed field hospital at University Hospital of the West Indies (UHWI) a reality, with its donation of approximately J$1.7 million (US$12,000). This facility, which will cater to COVID-19 patients, and comes in response to the dramatic increase in hospitalization, as the country goes through another wave of infections.

JMMB Bank welcomes twenty-four micro, small and medium-sized enterprises (MSMEs) from Jamaica and Trinidad and Tobago, as the first cohort of participants in its recently launched Accelerator Programme. This follows the month-long application process that saw scores of applicants vying for a place in the programme.