NCBFG reports 50% increase in year end net profit
November 8, 2018 For the year ended September 30, 2018, NCB Financial Group's (NCBFG) net interest income increased by 18%, relative to 2017, to total $35.14 billion (2017: $29.76 billion), resulting from, “the consolidation of Clarien’s results and growth in the Jamaican loan portfolio”, Management noted. For the quarter, net interest income improved 29% to close at $9.73 billion (2017: $7.57 billion). Interest income for the year rose 22% year over year to $52.24 billion compared to $42.84 billion in 2017, while interest expense amounted to $17.09 billion relative to $13.08 billion for the prior year. Net Fees and Commission Income
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November 08, 2018 Please see the below graph with regards to the movement of the MJE’s Net Asset Value:
BIL reports an 84% increase in year end net profit
November 07, 2018 For the year ended September 30, 2018, Barita Invested Limited’s (BIL) interest income declined 10% to $1.02 billion relative to $1.13 billion for the previous year. Interest expense also declined by 29% to close at $599.66 million compared to $847.44 million in 2017. As a result, net interest income for the year increased by 48% to $424.40 million relative to $286.87 million in 2017. Net interest income for the fourth quarter amounted to $117.44 million compared to $68.70 million in 2017. Management noted, “we recorded significant gains in most of our key revenue drivers, namely fee & commission