Updated: 16-08-2024 - 12:00PM 3 12 CLOSED
Feb 18, 2014
Just months after its acquisition of 100 per cent of T&T’s Intercommercial Bank Limited and Intercommercial Trust and Merchant Bank Limited (IBL), the JMMB Group says it has contributed to its net profit of J$2.35 billion and earnings per share of J$1.32 for the nine month period ended 31 December 2013. Recently released financial statements show that JMMB’s net profits for the period reflected a positive increase of J$779.6 million or 49.5 per cent. JMMB fully acquired IBL last October, a move that got Kingston, Jamaica-based firm closer to becoming a fully integrated regional financial services company. JMMB finalised acquisition of the bank for US$8.75 million (J$914.1 million), making it s subsidiary of the JMMB Group.