JN Bank says its capital adequacy ratio has risen above the Bank of Jamaica's new requirements, introduced in March.
The bank reports capital of J$27.4 billion, representing 13 per cent of risk-rated assets, up from 12.5 per cent in 2024.
Non-performing loans also dropped sharply from 10 per cent of revenues in 2024 to just $653 million, compared with $16.3 billion the previous year.
Pre-tax profits rose to $582 million, compared with $468 million the year before, but after paying $143 million in taxes, net profits stood at $439 million, down from $1.26 billion last year, when the bank benefited from a tax credit.
comments powered by Disqus
All feeds
