JAMAICA

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Capital & Credit Merchant Bank Inc
President & Chief Executive Officer: Mr. Curtis A. Martin     
6 - 8 Grenada Way, Kingston 5, JAMAICA
Tel: (876) 960 5320, Fax: (876) 960 1381
E-Mail: info@capital-credit.com  
Website: www.capital-credit.com  

Capital & Credit Merchant Bank Limited (CCMB) is primarily engaged in the business of merchant and investment banking.  At the commencement of operations in 1994, the Bank had an asset base of US$0.5 million and was at that time the smallest of 30 merchant banks operating in Jamaica.  However, the state of the Jamaican marketplace and of Capital & Credit Merchant Bank has changed dramatically and it now ranks as the largest and most profitable merchant bank in Jamaica among the (5) merchant banks now operating. After (12) years of consistently profitable performance, the Bank continues to create new and formidable records in financial achievements. In pursuit of its corporate strategy, Caribvision 2010, the Bank has expanded to provide more financing and investment options with the launch of two subsidiaries, Capital & Credit Securities Limited (CCSL), a member of the Jamaica Stock Exchange and a primary dealer of Government Securities, and Capital & Credit Fund Managers Ltd. (CCFM), a fund management company.  Both companies are licensed by the Financial Securities Commission (FSC) in Jamaica. In keeping with the drive to expand business opportunities for existing and potential clients, the Bank has steadily increased its employee complement to the current (229).  Customers can now experience the special Capital & Credit treatment at each of CCMB’s/CCSL’s and CCFM’s (2) branches in the island’s two cities, Kingston and Montego Bay.  CCMB is the first Jamaican merchant bank to record over US$36 million in Shareholders Equity and the first to be listed on the Jamaica and Trinidad & Tobago Stock Exchanges.  As at December 2005, it held total assets under Management valued in excess of US$820 million.

First Global Bank Ltd
President - Mr Wayne Wray
LOJ Centre, 28/48 Barbados Avenue
Kingston 5, JAMAICA
Tel: (876) 929 3383/6, Fax: (876) 929 3654
E-Mail: Wayne.Wray@gkco.com
Website: www.firstglobal-bank.com

First Global Bank Limited, a wholly owned subsidiary of Grace, Kennedy & Company Limited, began operations under its current name in January 2001.  The bank has begun to expand its operations within Jamaica by opening two new branches.  The first of which is located in Montego Bay, made possible through the acquisition of Citibank’s retail banking portfolio. The second is an in-store branch, located in Hi-Lo Supermarket, Manor Park, increasing its network to three branches island wide. These locations are expected to improve the banks visibility and increase convenience for the banks clients. FGB's products and service menu includes interest bearing Chequing, Savings and Fixed Deposit Accounts at competitive interest rates.  In addition, Non-Residents can benefit from the banks Tax Free savings instruments and a charge-free internet banking service through FGB Online at www.firstglobal-bank.com.  Telephone banking, online bill payment and credit card services compliment the suite of products that First Global has to offer.  First Global Bank Limited continues to distinguish itself from others by providing value-added commercial and investment banking products and services to Caribbean people wherever in the world they live. The banks mission is “to be a highly successful commercial bank renowned for our superior personalized customer service, innovativeness and financial strength”. With its head office located in the heart of Jamaica’s business capital, the bank has grown to become a strong force within the financial industry. The Bank currently staffed by (125) employees and had an asset base of over US$ 323Million / Capital Base of over US$ 34Million at December 2005.

Intertrade Finance Corporation Limited

Chief Executive Officer: Mrs Joan Powell
23 Barbados Avenue, P O Box 533, Kingston 5, JAMAICA
Tel: (876) 920 0402/4, Fax: (876) 920 0105
Email: info@intradefinance.com

Intertrade Finance Corporation Limited, is known for its innovativeness. A private company which is entirely locally owned, it was incorporated in Jamaica on April 11, 1995 and commenced operations on June 5, 1995. Its principal activities include funds management in both local and foreign currencies, operation of a cambio and other international business, trade financing and purchase and resale of investments. The company acts as a secondary broker/dealer in government securities such as Treasury Bills, Treasury Notes and Treasury Bonds. Since the start of its operations, the company has grown significantly and is now ranked within the top five in the non-bank financial services organizations. Its asset base as at June 2006 was US$ 9.4 million.

 

Jamaica Money Market Brokers Limited (JMMB)

President & Chief Operating Officer: Mr Keith Duncan

Managing Director: Mrs. Donna Duncan-Scott

11 Knutsford Boulevard, Kingston 5, JAMAICA

Tel:  876-920-5050/ Toll free: 1-888-GET-JMMB,

Fax: 876-920-7281
E-Mail: info@jmmb.com
Website: www.jmmb.com

 

Jamaica Money Market Brokers Limited (JMMB) has since inception established itself as the leading Money Market Broker in the Caribbean. Known for its pioneering spirit, the company has consistently introduced new products and services to the average investor. The brainchild of the late Joan Duncan, JMMB opened for business in November 1992 as the first Money Market Broker and Dealer in Jamaica. The vision was to provide investment services to a wider cross section of Jamaican people.  Today, JMMB has over 75,000 clients and (9) branches island-wide and has money machines specifically for the convenience of their clients. JMMB has a staff complement of  (283). The company’s vision has also spread to Caribbean Markets where in 2002 through joint ventures they have become successful active players in Trinidad and Tobago with Caribbean Money Market Brokers (CMMB) and its equities arm Caribbean Money Market Brokers Securities Limited (CMMBSL).   The JMMB is a listed company on the Jamaica and Trinidad and Tobago Stock Exchanges and is soon to be listed on the Barbados Stock Exchange.  Similar ventures have also been established in Barbados and Saint Lucia, proving once again that the formula Vision + Values + Expertise = Phenomenal Success. Its asset base as at March 2006 was US$1.24 billion.

 

Jamaica Mortgage Bank

Acting General Manager: Mrs. Janet Hines

33 Tobago Avenue, P O Box 950, Kingston 5, JAMAICA

Tel: (876) 929 6350-2, Fax: (876) 968 5428

E-Mail: jmb@cwjamaica.com

Website: http://www.jamaicamortgagebank.com/contact/index.htm

Jamaica Mortgage Bank was incorporated by an Act of Parliament on June 15, 1973 under the Jamaica Mortgage Bank Act 1973. The Bank reports to the Ministry of Finance and is wholly-owned by the Government of Jamaica. As one of the primary institutions engaged in the financing of housing developments, the Bank has to date financed some 48,000 housing solutions across the island. In addition to its primary function, Jamaica Mortgage Bank also provides Mortgage Insurance Services and Secondary Mortgage Market financing. The Bank has a wholly-owned subsidiary, JMDB Development Limited, whose principal activity is carrying on the business of residential, commercial and real estate development. As at March 31, 2005 the asset base of the Bank stood at J$2.92B (US$44.9M), while net revenues for the financial year was over JS$81M (US$1.24M). Funding is mainly raised from Bond Issues.

Jamaica National Building Society
General Manager: Mr. Earl W. Jarrett

2-4 Constant Spring Road

Kingston 10, JAMAICA

Tel: (876) 926 1344- 9/926-1600/3

Fax: (876) 968-6596/926-7661
E-Mail: info@jnbs.com
Website: www.jnbs.com

The Jamaica National Building Society “The Society”, was established in 1874 under the name of Westmoreland Building Society.  The Society is licensed in Jamaica under the Building Societies Act and the Bank of Jamaica (Building Societies) Regulations 1995 and is a mutual organization in which all holders of shares (savings accounts) have one vote.  JNBS mission statement states, “We are a mutual organization satisfying our members and customers with a competitive range of retail savings and home loan products, as well as other financial services, delivered by a team of well-trained professionals”. The Jamaica National Building Society is the leading building society in Jamaica and the Caribbean and is the third largest financial institution in Jamaica in terms of assets, savings and capital base. The Society provides home loans, mobilizes and maintains savings accounts, trades in foreign currencies and facilitates international money transfers. The Society has an extensive distribution network with (730) staff locally and internationally, (23) branches, (29) ATM’s and (3) money shops in Jamaica as well as overseas Representative Offices in the USA, Canada and the UK. The parent of a diverse group, JNBS has (10) subsidiaries including JN Fund Managers Ltd with funds under management of US$10.9 billion. JNBS asset base at March 2006 was US$704million and the JNBS Group assets US$963million.

National Commercial Bank Jamaica Ltd
Group Managing Director: Mr Patrick Hylton
32 Trafalgar Road, P.O. Box 88, Kingston, JAMAICA
Tel: (876) 929 9050/89, Fax: (876) 929 8399
E-Mail: ncbinfo@jncb.com
Website: http://www.jncb.com/

The tag-line of National Commercial Bank (NCB), ‘building a better Jamaica’, is especially apt as the organization’s roots have been in Jamaica for over one hundred and fifty years. What is now National Commercial Bank Jamaica Limited first began when the Colonial Bank of London, England, commenced operations in Jamaica in 1837 and through a series of mergers and acquisitions, became the National Commercial Bank in 1977. In 2002 the AIC Group, led by Jamaican-Canadian billionaire Michael Lee-Chin, acquired 75%of the shares in the National Commercial Bank. With the backing of AIC Limited, Canada’s largest privately held mutual fund company, NCB has been better able to create long-term wealth for clients and be a leader in financial services in Jamaica. NCB offers a wide range of banking and financial services with a staff complement of over 2,400 and through a branch network of 47 locations and over (145) island-wide ABMs, Internet Banking and a toll-free Customer Care Centre. The Bank also has a representative office in the United Kingdom. The National Commercial Bank boasts a number of significant milestones. In 1983, NCB became the first Jamaican bank to have deposits in excess of $1.0 billion Jamaican Dollars. It also launched the first Jamaican credit card, “Keycard” in 1981.Today, the Bank is the leader in the card acquiring business (number of card merchants) and serves over 60,000 credit cards holders. NCB is the first bank to offer Internet Banking and Mobil e Point -Of -Sale machines for cardholders in Jamaica. For the 2005 Financial Year, it reported a 33% increase in net profits which rose to J$4.3 billion (US$65.1 Million) over the prior year. The core subsidiary companies comprise NCB Capital Markets Limited, which offer securities, stock brokerage, fund and investment management services; West Indies Trust Company offering pension and property management services; NCB Insurance Company providing banc-assurance products; NCB (Jamaica) Nominees with registrar services; off-shore banking services via NCB (Cayman)Limited and remittances through NCB Remittance Services (UK) Ltd. and NCB Remittance Services (Cayman) Ltd. The company is the largest financial institution in Jamaica with total assets of J $193.6 billion (US$2.94 billion) and total equity of J$21.1 billion (US$327.71 million) as at September 2005.

RBTT Bank Jamaica Ltd.

Managing Director: Mr. Rodney S. Prasad
17 Dominica Drive, P. O. Box 483

Kingston 5, JAMAICA
Tel: (876) 960 2340/2, Fax: (876) 960 4678
Email: rbtt.bank@jm.rbtt.com
Website: www.rbtt.com

RBTT Bank Jamaica Limited is a wholly owned subsidiary of RBTT Financial Holdings Limited. It operates from (21) branches with (32) ATMs and a staff of (992). The Bank provides a complete range of banking and financial services to individuals and corporate clients locally and abroad.  RBTT Bank Jamaica Limited had an asset base of US$844.67 million as at March 2006. (Refer to RBTT Bank Limited, Trinidad for the asset base of RBTT Financial Holdings Limited.)