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Leading the Caribbean

The JMMB Group is proud to be one of the leading financial groups in the Caribbean. We serve over 316,000 clients in Jamaica, Trinidad and Tobago and the Dominican Republic combined, with financial services including:

  • Investments
  • Banking
  • Remittances
  • Insurance Brokering

What makes us unique is our core value of love that motivates us to serve individual, business, corporate and institutional clients with ethical integrity and transparency, in the realization of their goals and dreams.

 

Corporate Structure

JMMB Group Limited is the holding company and ultimate parent of the JMMB Group of companies, namely:

  • JMMB Bank (Jamaica) Limited
  • JMMB Money Transfer Limited
  • Jamaica Money Market Brokers Limited
  • JMMB Insurance Brokers Limited
  • JMMB Fund Managers Limited
  • Capital & Credit Securities Limited
  • JMMB Real Estate Holdings Limited
  • JMMB International Limited
  • JMMB Securities Limited
  • Jamaica Money Market Brokers (Trinidad and Tobago) Limited
  • JMMB Investments (Trinidad and Tobago) Limited
  • JMMB Securities (T&T) Limited
  • JMMB Bank (T&T) Ltd
  • Intercommercial Trust and Merchant Bank Limited
  • JMMB Holding Company SRL
  • Banco de Ahorro y Credito JMMB Bank, S.A.
  • JMMB Sociedad Administradora De Fondos De Inversion, S.A.
  • JMMB Puesto de Bolsa, S.A.
  • AFP JMMB BDI, S.A.
     

Get to know our Board of Directors

Read our Corporate Governance Policy

JMMB Group Unaudited Results for the Three-month Period, Ending June 30, 2020

 

Net Profit: J$780.2 million

Earnings per Stock Unit: J$0.39

Net Operating Revenue: J$5.0 billion

Net Interest Income: J$2.4 billion

 

View our financial statements

View our annual reports

Read our Dividend Policy

Complete your JMMB Dividend Mandate Form and email to info@jmmb.com

Corporate Social Responsibility and Philanthropy

We see our role as a socially-responsible entity, who takes a stand for the greatness in everyone, as one of our guiding principles. As such, we've structured our corporate social responsibility programmes through the JMMB Joan Duncan Foundation in Jamaica and localized community initiatives in the other countries in which we operate, supporting various initiatives in the areas of sports, health, education and general community outreach.

To learn more, explore the JMMB Joan Duncan Foundation page

Read our Corporate Social Responsibility policy

Frequently Asked Questions

 

In keeping with the JMMB Group’s Go Green policy we have sought to reduce printing of publications of this nature, and therefore limited copies are printed annually. If you wish to have hard copy, you may send an email to shareholderquery@jmmb.com, to request your copy. You can also access an updated copy of our annual reports by clicking here  or the Jamaica Stock Exchange website at https://www.jamstockex.com/

The JMMB Group Limited corporate secretary is Carolyn DaCosta and Claudine Campbell-Bryan is the deputy corporate secretary.

JMMB Group Limited’s (JMMBGL) unaudited financial statements are published on a quarterly basis; typically, statements are published in the public domain in August, November and February, while our audited financial statements are published in May. You may click here to view our financial statements.

The JMMB Group (JMMBGL) aims to pay shareholders a minimum of two dividend payments annually, subject to the terms and conditions outlined in the dividend policy. Click here to view JMMBGL dividend policy. 

JMMB Group’s current registrar is KPMG, Regulatory and Compliance, located at 6 Duke Street, Kingston, Jamaica

The JMMB Group dividend policy outlines that we will pay a dividend of between 15% and 30% of annual after tax profits generated by core business activities. The same payout ratio applies to gains realized from nonrecurring or extraordinary transactions. The Company board of directors, at its discretion, may alter the dividend payout ratio from the stipulated target, bearing in mind market conditions and perception. Click here to view JMMBGL dividend policy. 

To buy or sell JMMB Group Limited (JMMBGL) shares your transaction should be done with the assistance of your broker, or if you already have a brokerage account with JMMB, you may use JMMB Moneyline to trade stocks online, in real time.  If you need a broker, you can visit your nearest JMMB branch or contact our client care team at (876) 998-5662 or email info@jmmb.com, we would be happy to help you to get started. For more details on how to get started, click here. 

If you wish to have your name changed on the share register, please send a certified copy of the name change document, e.g. deed poll, marriage certificate or any other relevant document that authorized your name change along with your request stating your date of birth, current address, and current name on register to: KPMG Regulatory and Compliance, 6 Duke Street, Kingston.

Any ordinary shareholder, who is entitled to vote at the annual general meeting (AGM) is permitted to appoint a proxy to attend and vote in his/her stead.  A proxy need not be a member/ shareholder of the company.  A proxy form is typically provided by JMMB Group Limited along with the Notice of AGM and/or in our annual report, for your convenience. The form must be lodged at the company’s registered office addressed to: Corporate Secretary, 6 Haughton Terrace, Kingston 10, at least forty-eight (48) hours before the time appointed for holding of the AGM. Additionally, the Form of Proxy shall bear the stamp duty of $100.00.  The stamp duty may be paid by adhesive stamp(s) to be cancelled by the person executing the Proxy.

The form must be lodged at the company’s registered office addressed to:

Corporate Secretary, JMMB Group Limited, 6 Haughton Terrace, Kingston 10

The form should be submitted at least forty-eight (48) hours before the time appointed for holding of the AGM. Additionally, the form of proxy shall bear the stamp duty of $100.00.  The stamp duty may be paid by adhesive stamp(s) to be cancelled by the person executing the Proxy.

Generally, the addresses to which the proxies are returned are found on the Notice of Annual General Meeting (AGM) in the annual report and on the Shareholder Proxy Form.

Yes. You will need to update your address with your broker, who should update the address with the Registrar and the Jamaica or the Trinidad and Tobago Stock Exchanges (as applicable).  To update your new address for the purpose of dividend payment you should send a request to change your address to your broker with a copy of proof of address i.e. utility bill, along with a copy of your national picture identification. If JMMB is your broker, you may also visit a JMMB location to update your records with the requisite documentation outlined here.

Additionally, to avoid delay in receiving your dividend payment, we recommend that you complete a Dividend Mandate form and submit same to your broker.  This will allow for your dividend to be credit directly to your account. Click here to access our Dividend Mandate form. 
 

The 2020 annual general meeting (AGM) will take place before December 2020. The date of the AGM will be publicly announced in due course.

Due to the impact of COVID-19 and social distancing protocols that need to be maintained, in keeping with the governmental guidelines for hosting large gatherings it is expected that the usual format will be affected. Further details will be communicated to all shareholders in the form of a Notice of Annual General Meeting (AGM), which is included in the annual report and will be posted across the company’s social media platforms and via advertisement/s in local publications.

The recommendation to delist from the Barbados Stock Exchange (BSE) was primarily due to the low levels of trading in JMMB Group Limited’s (JMMBGL) shares on that Exchange, which, unfortunately, does not justify the cost to maintain that listing. There was only 134 JMMBGL shareholders registered in Barbados, and the number of trades in JMMBGL shares on the BSE over a ten-year period, was significantly lower than the number of trades on the Jamaica and Trinidad & Tobago Stock Exchanges. For more information on the voluntary delisting of JMMBGL shares on the BSE, click here.

Get to know more about our JMMB Group Limited board and management team, see:

JMMB Group Limited (JMMBGL) was assigned initial issuer/corporate credit ratings of jmA+ (Local Currency Rating) and jmA (Foreign Currency Rating) on the Jamaica national scale by Caribbean Information and Credit Rating Services Limited (CariCRIS). The national scale ratings indicate that the level of creditworthiness of JMMB Group is adjudged in relation to other obligors in Jamaica, is good. Click here for more details

Yes, an overseas resident is subject to pay tax on his/her investment. There are accounts however which would enable you to enjoy tax free advantages* Conditions apply

Persons domiciled/living in Jamaica may open new accounts with JMMB and JMMB Bank using cash, cheques or wire transfer.  However, persons classified as high risk, including persons who have not resided in Jamaica for the last 6 months will be required to make the first investment/deposit via a cheque, or transfer from an existing account in his/her name. Subsequent investments/ deposits can be made via cash.

Shareholders may share any question or concern they have with the JMMB Group compliance department using any of the preferred methods to contact us:

Email: shareholderquery@jmmb.com,

Mail: JMMB Group Limited, Corporate Secretary, 6 Haughton Terrace, Kingston 10, Jamaica

Telephone: (876) 998-5662

JMMB Group has had a solid financial track record and demonstrated significant growth over the last 10 years as we remain committed to delivering win-win solutions to our clients and providing value to our shareholders. You may take a closer look at our financial performance by examining a summary of our 10-year financial results by clicking here.

The top ten (10) JMMB Group shareholders as at the end of the 2018/19 financial year (ending March 2020 ) can be accessed by clicking here.

 

 

 

 

 

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