Caribbean

S&P has revised its outlook on...

Cap Cana, the high-end Caribbean resort,...

Fitch has downgraded Clarendon Alumina Production,...

The central bank of Trinidad &...

MasterCard has reported a 15.5% hike...

Jamaican remittances will hit around $2bn...

Moody's has put Jamaica's B1 rating...

Finding Growth Competition is tight at all ends of Jamaica’s banking market. The system’s two largest, Scotiabank and National Commercial Bank (NCB) were nearly level in assets as of mid-year, with 287 billion and 280 billion Jamaican dollars, respectively. Profitability was also close, with Scotia claiming an ROE of 25.61% and NCB 29.54%, as of the end of July and June, respectively

Energizing the Base After an unsuccessful foray into the Dominican Republic, Republic Bank has curtailed regional expansion plans and is focusing on Trinidad and Tobago. It sold its Dominican assets to BHD in October 2007 and has since greatly improved risk management.