JMMB News

Regional financial services provider, JMMB Group has reported net profit of J$2.42 billion, for the six-month period ending September 30, which is a 14% dip in its profit, compared to the corresponding prior reporting period. The Group attributes this decline in its profitability to the economic slowdown and uncertainty in the market, as a result of the COVID-19 pandemic, while noting that it remains a solid financial entity, built on a stable foundation. 

The Supreme Ventures Services Business Hub (SVS Business Hub) has inked a deal with JMMB Group SME Resource Centre,  that will give rise to a referral programme designed to allow small and medium-sized enterprises (SMEs) to grow, scale and expand by tapping in the range of services offered by SVS Business Hub.

As a result of the pandemic, there has been severe disruption to the school year, leaving parents, students, policy makers, school administrators and other education stakeholders still grappling to find the best approach to provide a quality education, in an equitable manner. Many anecdotal references indicate that students, across all levels of education, are being left behind, largely due to the increased financial fallout and hardships. 

JMMB recently made its investment management service solution official, via an online launch. The newly launched service will assist medium and large-sized businesses to: better manage their cash flow and currency hedging; maximize the return on their investment portfolio; and bolster how they manage their investments, in order to increase their profitability.