Mortgage Financing Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

The Jamaica National Group Limited successfully raised $4.6 billion in ...

Earl Jarrett, deputy chairman and CEO of JN Group, described the high rating and successful offer as, “confirmation of the high quality of management, asset quality, earnings and future projections of the JN Group.” The Jamaica National (JN) Group Limited recently successfully raised $4.6 billion in a private placement of fixed-rate notes placed with institutional investors in the local capital markets. The recently closed debt issue was assigned initial credit ratings of A- (local currency rating) on the Caribbean Information and Credit Rating Services (CariCRIS) regional scale and jmAA...