May 2016 Financial News

Jamaica-owned bank rebrands

May 03, 2016

Even as controversy continues to rage over calls for a boycott of T&T goods in Jamaica, a Jamaican-owned bank unveiled new branding at its local headquarters in Chaguanas yesterday.

IBL Bank has been officially re-branded as JMMB Bank, three years after it became 100 per cent owned by the Jamaica-based JMMB Group of Companies.

At the official ceremony yesterday morning, JMMB Group deputy chairman Archibald Campbell called for dialogue between T&T and Jamaica to be conducted in the spirit of Caricom.

“We focus too many times on the differences that we have rather than focus on the good things we have together,” he said.

Once approval is granted, JMMB’s range of investment’s products, including mutual funds will be offered in T&T. Campbell said the bank is not daunted by the contraction in the T&T economy because JMMB always plans for the longer-term. “We also have an extremely good risk department in which we assess the future. We recognise that there are opportunities to made even when there is a crisis,” he said.

Nigel Romano, managing director and CEO of JMMB T&T Limited, said with the country facing tough times it is time to get closer to the bank’s clients.

Source:
Nadaleen Singh
Trinidad Guardian
Tuesday May 3, 2016

http://www.guardian.co.tt/business/2016-05-02/jamaica-owned-bank-rebrands