Page 3 - தேசிய வணிகரீதியானது வங்கி ஜமைக்கா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Observer business writer Sunday, April 25, 2021 IN what was already a difficult time for local commercial banks grappling with the fallout from the novel coronavirus pandemic, CIBC FirstCaribbean International Bank Jamaica posted its first known loss of $273.5 million, compared to a net profit of $598.8 million in the 2019 financial year (FY), as expected credit losses (ECL) dragged bottom lines across the sector. The bank, which is a direct subsidiary of FCIB with its ultimate parent being Canadian Imperial Bank of Commerce (CIBC), saw its bottom line go red in what was a rare occurrence for any commercial bank in recent history. Even at the height of the 2008-2009 global financial crisis, FCIB s net profit actually increased by two per cent to $769.7 million despite interest and similar income being flat along with ECLs rising by 253 per cent to $407.2 million.

Financial groupJn bankCanadian imperial bankNational commercial bank jamaicaSagicor bankGroup limitedFirstcaribbean international bank jamaicaFirst global bankRoyal bankCaribbean international bank jamaicaCommercial bank jamaicaநிதி குழுஜ்ந் வங்கிகனடியன் ஏகாதிபத்தியம் வங்கிதேசிய வணிகரீதியானது வங்கி ஜமைக்காசகிகோர் வங்கி