STATIN says the growth in the Finance and Insurance Services industry was mainly due to growth in core banking and investment activities.
The gross domestic product for the Finance and Insurance Services industry rose by 2.2 per cent in first quarter of this year.
The Statistical Institute of Jamaica says this was mainly due to growth in core banking and investment activities, along with growth in the insurance services sub-industry.
The growth in banking activities for the January to March period, was linked to improved performance in commercial banks, as a result of higher net interest income and fees.
Other charges also went up.
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