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

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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