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Mortgage portfolio acquisition drives growth at VMBS


Loop News
Victoria Mutual Group President and CEO Courtney Campbell
The Victoria Mutual Building Society has released its results for the year ended December 31, 2020, which show a net profit of $2.64 billion, 23 per cent above the previous year.
 Revenue increased by 31.9 per cent to $14.96 billion, driven by a one-off gain from the purchase of loan receivables under the National Housing Trust (NHT) Joint Mortgage Financing Programme.
During the year, VMBS grew total assets by $7.04 billion (2.88 per cent) to $251.85 billion, reflecting growth in both on and off-balance sheet assets.
 It also issued over $14.52 billion in mortgages, 24.76 per cent higher than the previous year. ....

United States , United Kingdom , Courtney Campbell , Fvm Team , Mortgage Financing Programme , Vm Innovations , Victoria Mutual Building Society , Vm Group , National Housing Trust , Joint Mortgage Financing , Latin American , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , கோர்ட்னி கேம்ப்பெல் , வ்ம் அணி , அடமானம் நிதி ப்ரோக்ராம் , விக்டோரியா பரஸ்பர கட்டிடம் சமூகம் , வ்ம் குழு , தேசிய வீட்டுவசதி நம்பிக்கை , லத்தீன் அமெரிக்கன் ,

Commercial and residential real estate demand to continue climbing higher

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David Cummings , Planning Agency , National Environment , Vm Group , Sagicor Bank , Sygnus Real Estate Finance Ltd , Jamaica Observer , One Belmont , Real Estate Finance , டேவிட் கம்மிங்ஸ் , தேசிய சூழல் , வ்ம் குழு , சகிகோர் வங்கி , ஜமைக்கா பார்வையாளர் , ஒன்று பெல்மாண்ட் , ரியல் எஸ்டேட் நிதி ,