May 2016 Financial News

JMMB Group Limited - Rebranding of IBL to JMMB Bank (T&T) Limited

May 04, 2016

REBRANDING OF INTERCOMMERCIAL BANK LIMITED TO JMMB BANK (T&T) LIMITED
JMMB GROUP LIMITED (JMMBGL)

The Trinidad and Tobago Stock Exchange Limited (TTSE) has been advised by JMMBGL that JMMB Group Limited has rebranded its Trinidadian subsidiary Intercommercial Bank Limited (IBL) to JMMB Bank (T&T) Limited, effective May 2nd, 2016.

The rebranding exercise is part of the JMMB Group’s strategic positioning across the Caribbean region, following its 100% acquisition of IBL in 2013. JMMB initially acquired 50% of IBL in 2004. That transaction placed the Bank under the management of the JMMB Group. The introduction of JMMB Bank completes JMMB’s branded presence in Trinidad and Tobago, as it joins its sister company, JMMB Investments (Trinidad & Tobago) Limited, which has been in operation in Trinidad & Tobago since 2012

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday May 4, 2016