CIBC FirstCaribbean sees drop in net income for first quarter

CIBC FirstCaribbean is reporting a 24 per cent decrease in net income for its first quarter ended January 31.
Net income was $12.2 million versus $16.1 million in 2021.
Jacqui Bend, Managing Director of CIBC FirstCaribbean, says revenue continues to reflect the impact of a low interest rate environment.

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