Audrey Tugwell Henry, President and CEO of Scotia Group
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Audrey Tugwell Henry, President and CEO of Scotia Group Jamaica
By Javaughn Keyes
Scotia Group Jamaica says its asset base increased by the end of its third quarter, which closed on July 31.
President and CEO of Scotia Group, Audrey Tugwell Henry, says the movement reflected a 7.6 per cent or $49 billion increase to $692 billion as of July 2024.
"This is underpinned by the excellent performance of our loan portfolio, which grew by $35 billion or 13.5 per cent and now stands at $292 billion. And this is net of allowances for credit losses."
She said deposits from clients also increased by $27 billion or 6.1 per cent to $472 billion.
Mrs. Tugwell Henry was speaking at a press briefing on Monday morning.
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