CIBC FirstCaribbean sees drop in net income for first quarter

4:02 pm, Wed April 6, 2022

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.

comments powered by Disqus

More Stories

Jamaica's NIR increased by US$36 million in May

Jamaica's Net International Re

Gas prices down $0.25, diesel up $0.25

Fuel prices will see mixed mov

World Bank maintains 2% growth projection for Jamaica this year

The World Bank has maintained

Most Popular

Suspect in St. Ann bomb threat arrested
1:09 pm, Mon June 5, 2023

Canada approves several Caribbean countries...
5:25 pm, Tue June 6, 2023

CIBC FirstCaribbean Cayman to end...
1:37 pm, Mon June 5, 2023