The Bank of Jamaica is reporting that profits of approximately $25 billion up to October 8 this year compared with $19 billion during the same period last year.
The Bank is also reporting that these profits were generated on total assets of $1.25 trillion compared with the $1.18 trillion during the same period last year.
Its foreign assets that climbed to $1 trillion compared to $912.2 billion during the same period last year, while its local assets dipped to $241.2 billion from $272.2 billion.
Certificates of deposit
Meanwhile, the BOJ says it has now taken $137.5 billion out of circulation with its 6 per cent per annum fixed rate certificates of deposit, its principal short-term liquidity mopping-up instrument.
This follows Wednesday's auction of $43 billion.
A total 328 bids valued at $52.3 billion were submitted by private and public sector institutional and individual investors. But the bank accepted only 281 of them, valued at $43 billion weighted at an average interest rate of 5.94 per cent per annum.
The lowest bid was 5.45 per cent per annum for $5.1 million while the highest was 8.49 per cent per annum for $25 million.
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