Mr. Devon Barrett, Chief Executive Officer, for both Victoria Mutual Wealth Management & subsidiary, Victoria Mutual Investments, is reporting that these business lines have achieved enviable growth since their inception, with Total Assets Under Management growing to JA$19.88 billion at the end of 2017; and Capital Markets financing, $53 billion over the past seven years. […]
National Commercial Bank Jamaica and OnTime Taxi Company Disrupts Market with Mobile Money Solution – Quisk
National Commercial Bank Jamaica Limited (NCB) through its mobile money solution – Quisk, has announced that it will be collaborating with the OnTime Taxi Company to drive a shift in the local transportation market. The match was described as timely, by both companies as both are said to be seeking to increase the safety of […]
CIBC FirstCaribbean International Bank Appoints Colette Delaney New Chief Executive Officer.
Regional financial services institution, CIBC FirstCaribbean International Bank, has announced the appointment of Colette Delaney as its new Chief Executive Officer. Delaney, whose appointment becomes effective on November 1, succeeds Gary Brown, who retires on October 31. Delaney is a banking professional of more than thirty years’ experience, having started her career with CIBC in […]
Firstcaribbean International Bank Reporting Net Income Of US$120M Up By US$15.7M Or 15.1%. For 9 Months Ended 31 July, 2018
FirstCaribbean International Bank Limited is reporting in the company’s just released Consolidated Financial Statements for the nine months ended 31 July, 2018, net income of US$120 million, up by US$15.7 million or 15.1%. Commenting on the financial performance, Chief Executive Officer Gary Brown reported that adjusted net income for the year taking into account a […]
Bank Of Jamaica Designing New Reporting Forms To Capture Vital Information On The Extent Of Private-Sector Credit Being Provided To Micro, Small, And Medium-Sized Enterprises
Bank of Jamaica (BOJ) Governor, Brian Wynter, has advised that the BOJ is designing new reporting forms to capture vital information on the extent of private-sector credit being provided to micro, small, and medium-sized enterprises (MSMEs). The value of loans disbursed to MSMEs by deposit-taking institutions as a percentage of total private-sector credit, is among […]
Kingston Wharves Invests In Modular Warehousing Complex in Kingston
Chief Executive Officer of Kingston Wharves Ltd, Grantley Stephenson, has announced that the port terminal and logistics provider will be expanding its near port logistics facilities in Kingston by developing a new 14 acre modular warehousing complex. The investment is valued at US$30M. Mr. Stephenson made the announcement at Kingston Wharves’ annual general meeting held, […]
Sangster International Airport Continues To Play An Important Role In The Growth Of Jamaica’s Economy
Chief Executive Officer (CEO) of MBJ Airports Limited, Dr. Rafael Echevarne, says the Sangster International Airport (SIA) continues to play an important role in the growth of Jamaica’s economy. He said that for the 15 years of the MBJ concession, the facility has injected US$160 million into the Jamaican economy through tax and concession fees. […]
Agro-Parks Designed To Facilitate Investments By Wide Cross-Section Of Stakeholders – Food Industry Interests And Suppliers Targeted
Chief Executive Officer of the Agro-Investment Corporation, Sylburn Thomas, is urging Jamaicans to exploit the investment opportunities now available at the Government’s agro-parks islandwide. He was of the view that Jamaican’s should invest in the agro-parks, as he believed that if they can consolidate the entire value chain in a physical location, risks can be […]
Victoria Mutual Investments 19% Growth In 2017 Revenue Driven By Net Fees And Commissions
Devon Barrett, Chief Executive Officer for Victoria Mutual Investments Limited is describing the results for the financial year ended December 31, 2017 as reflecting another year of overall solid performance. This as the Group reported revenue for 2017 of JA$966.46 million, up $155.65 million over the $810.8 million for 2016. This 19.2% growth in revenue […]
Elite Diagnostic Delays IPO Following Revelations Of Errors In Financials By John Jackson
Elite Diagnostics Imaging Services Limited, which is led by Warren Chung, managing director has delayed its IPO listing, initially scheduled for this week. In a notice posted on the Jamaica Stock Exchange website, the company advised that the Application List, relating to the IPO by Elite Diagnostic Limited, would not open on January 24, 2018. […]
