JMMB News
Want to read up on the latest news and updates from JMMB? Read through our news page to get all the latest information.
JMMB Bank & Magna Motors Rolls Out 5% Auto Financing Promotion
JMMB Bank has partnered with Magna Motors Dealership Ltd., the exclusive dealer of Hyundai in Jamaica, to offer potential car buyers one of the lowest rates in the market at 5%, for the first two (2) years of the loan.
Voluntary Delisting of JMMB Group Ltd Shares from the Barbados Stock Exchange
Letter to Shareholders:
After a careful assessment of the sustained low level of trading in the shares of JMMB Group Limited (JMMBGL/”the Company”) on the Barbados Stock Exchange (BSE), where it is currently cross-listed, the board of directors of JMMBGL hereby recommends that you, our valued shareholders, vote in favour of the Special Resolution to delist JMMBGL’s shares from the BSE. Please note that JMMBGL will continue to maintain its listing on the Jamaica Stock Exchange (JSE) and on the Trinidad & Tobago Stock Exchange (TTSE).
JMMB Group Net Profit Up 56% for Q1
The regional financial entity, JMMB Group, has recorded a 56% growth in its net profit, year-over-year, totaling J$956.6 million, for the three-month period ending June 30, 2018. Additionally, the Group posted net operating revenue of J$4.7 billion, which reflects an increase of 15%, compared to the corresponding prior period.
JMMB Bank Revs Up its Motor Vehicle Portfolio
JMMB Bank’s general manager, client partnership, Moya Leiba-Barnes, revealed that the subsidiary has seen growth of over 25% in its motor vehicle portfolio, year-over-year, for the period ending May 2018.