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JMMB Bank (Jamaica) Limited recently received a US$20 million ($3 billion) loan from FinDev Canada to support Jamaica’s small and medium-sized enterprises (SMEs) seeking capital to assist them in the creation and retention of jobs and to scale thei
Loop Business - Updated Septimus 'Bob' Blake has a wealth of experience in the financial services industry and has held various leadership positions within the NCB Financial Group before ascending to the position of Chief Executive Officer at NCB Bank in 2019. National Commercial Bank (NCB) Jamaica CEO Septimus ‘Bob’ Blake was elected unopposed as the President of the Jamaica Bankers Association (JBA) at its annual general meeting on Thursday. Mariame McIntosh-Robinson, President and CEO, First Global Bank was elected Vice President, along with Eva Lewis, country officer and corp...
Some exports from Jamaica grew in 2020 despite the impacts of the COVID-19 pandemic, giving exporters and technocrats hope for the further development of the sector. This was disclosed at the launch of a $300 million Export Guarantee Programme, ai
JMMB Bank has forged a year-long partnership with the National Export-Import Bank of Jamaica (EXIM Bank) to increase access to financing to the small and medium-sized enterprise (SME) sector at more affordable interest rates, through a new loan guara
Minister of Industry, Investment and Commerce, Hon. Audley Shaw, is encouraging more entrepreneurs to formalise their businesses through registration in order to gain access to greater funding opportunities with lower interest rates. He said formalisation will also allow businesses to become more competitive in the local as well as the international marketplace. âInstead of going to borrow money at 20 and 30 per cent interest rate, ending up putting your business in more trouble than anything else and having lower productivity, low profit margins, get formal so that you can get money at ...