Dodgy loans rise as borrowers fall into trouble
Jamaican banks pumped up their loan portfolios by nearly 60 per cent in the two years to last December, but their dodgy debts jumped a staggering 80 per cent, to approximately $9.8 billion, a new central bank report shows.
Jamaica helping to fashion CARICOM financial oversight
Jamaica is part of efforts by regional authorities to determine the real size of the financial hole - estimated at up to US$2 billion - being left by the meltdown of the Trinidad-based Caribbean conglomerate, CL Financial Group, and Kingston has promised to help guide the development of a supervision mechanism...
Supreme Ventures posts lower profit in first quarter
Gaming company, Supreme Ventures Limited (SVL), has recorded depressed first quarter results showing net profits tumbling 19.56 per cent in the period to the end of January, reflecting anaemic revenue growth and burgeoning pay-outs particularly on its Cash Pot lottery game, SVL said.
BNS, PriceSmart to launch credit card
Promising its 30,000 or so member shoppers signi-ficant savings, bulk retailer, PriceSmart is teaming up with Scotia Bank Jamaica to launch their co-branded credit card next week.