Advertisement

Scotia Group realises increase in loan portfolio

Scotia Group Jamaica says it realised an increase in its loan book during the first quarter of its current fiscal year.
 
For the three-month period ended January, the financial institution says its loan portfolio increased by J$40.8 billion or 17.4 per cent compared with January 2023.
 
Loans minus allowances for credit losses increased to $275.7 billion.
 
Scotia Group says its core loan book continues to perform well, with mortgages increasing year over year by 24 per cent.
 
Consumer loans went up by 12 per cent, while there was a 12 per cent increase in funds deployed through credit cards.
 
Commercial loans increased by 17 per cent.


comments powered by Disqus
Most Popular
Man killed during TikTok livestream
UNC wins Trinidad & Tobago election
'Minor' occupational and safety breaches...