Wed | Aug 23, 2017

JN Bank now operational

Published:Wednesday | February 1, 2017 | 2:57 PM
Shareholders and staff looking at the new look JN Bank as the Jamaica National Group launches the island's seventh commercial bank at Constant Spring Road, St. Andrew Wednesday, February 1, 2017.

Jamaica National formally launched its commercial bank this morning, completing its eight year-long transition.

JN Bank has become the seventh commercial bank locally with 34 locations comprising 25 branches and nine JN Money Shops.

The bank is ranked third, with assets of $180 billion and savings of $101 billion.

The bank currently serves members in 50 countries, managing director, Maureen Hayden-Cater told participants at the opening ceremony at Constant Spring Road, St. Andrew.

Hayden-Cater will oversee the day-to-day operations of the bank, while former general manager, Earl Jarrett will now head the financial group.
JN Bank is a subsidiary of the Jamaica National Group under the new financial structure.

To mark its opening, the bank has offered wavers of select in-branch fees and has removed processing fees on its JN auto and unsecured loans, among others.

- tameka.gordon@gleanerjm.com