CIBC FirstCaribbean International Bank Jamaica is reporting $1.1 billion in annual profit for year ending October 2023.
The figure reflects a 70 per cent increase from the previous year.
The bank reported a double-digit rise in the value of its loan book and also benefited from increased interest charges on loans to customers.
Locally, FirstCaribbean is one of the smaller of the eight commercial banks in operation in Jamaica, ranked at number 6 in assets.
It is one of a chain of regional banks owned by the Canadian Imperial Bank of Commerce, or CIBC.
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