JMMB Group says it made a net profit of $4.36 billion for the quarter ending December 31, after its revenues jumped 23% to $22.39 billion.
Operating expenses for the period totaled $19 billion.
Net interest income — the money it earns from lending after paying interest on deposits — rose sharply by 38% to $11.19 billion.
The group also earned $5.1 billion from trading government bonds, while fees and commissions increased to $4.21 billion.
Its strategic investment in Sagicor Financial Company generated $2.4 billion in revenue after financial charges.
JMMB says the results reflect careful execution of its managed growth strategy.
comments powered by Disqus
All feeds







