The Bank of Jamaica says the country's eight commercial banks held total assets of $2.8 trillion at the end of November last year.
According to the central bank's report under the Banking Services Act, the assets included $46 billion in cash, $355 billion in Bank of Jamaica securities, and $626 billion in foreign assets.
The banks also extended $1.44 trillion in loans to the private sector. In addition, they held $72 billion in Treasury bills, $110 billion in other securities, nearly $2 billion in cheques in the course of collection, and just over $199 billion in other assets.
The report further shows that asset holdings remain highly concentrated, with almost 70 per cent controlled by Bank of Nova Scotia Jamaica and the National Commercial Bank of Jamaica.
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