Access Financial Services Limited (AFS) has received approval from Bank of Jamaica (BOJ) to operate as a microfinance institution (MFI) as laid out in the Microcredit Act, 2021 and Microcredit (Licence Form of Application) Rules, 2021. Sharing this development on the Jamaica Stock Exchange website, the company noted: “This means that AFS is approved to provide […]
With talks of a potential recession looming amid rising interest rates and heightened global uncertainty, the principals of NCB Financial Group Limited (NCBFG) believe that the Caribbean financial conglomerate is sufficiently prepared to withstand any downturn in the various 21 markets they operate in. The questions surrounding NCBFG’s financial resilience came at the company’s investor briefing […]
JMMB Group Limited (JMMBGL) has acquired Banco Múltiple Bell Bank, SA in the Dominican Republic as it deepens its presence in the Spanish-speaking nation of 10.85 million people with a banking system worth RD$2.36 trillion (US$43.31 billion). JMMB Group completed the 100 per cent acquisition through JMMB Holding Company and plans to merge it with […]
EVER since the US — the world’s largest economy — contracted in the first quarter of this year, there has been speculation that the global economy could slip back into another recession. The odds were further boosted by the ongoing Russia-Ukraine war, unresolved supply chain issues, and aggressive central bank rate hikes in response to […]