JMMB Now Owns It’s First Commercial Bank – In Trinidad

October 9, 2013

Jamaica Money Market Brokers Limited (JMMB) has advised the stock market that JMMB through Jamaica Money Market Brokers (Trinidad and Tobago) Limited (JMMB’s Trinidadian holding company) has obtained 100% ownership of Intercommercial Bank Ltd. and Intercommercial Trust & Merchant Bank Ltd. (IBL Group), having concluded the transaction to acquire the remaining 50% shareholding in those entities on October 3, 2013; making it JMMB’s very first commercial bank.

JMMB acquired its initial 50% holding in IBL, in 2005.

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