The Jamaica Mortgage Bank has made a financial turnaround after two years of consecutive losses.
According to its 2015 annual report it made $25.7 million net profit.
It said the focus is on its delinquent loan portfolio to recover more than $644 million of non-performing loans. This will be used to strengthen the Mortgage Bank's liquidity in order to meet project funding demands.
The entity is responsible for mobilising funds to lend to developers and other institutions for the development of housing islandwide.
comments powered by Disqus
.jpg)
All feeds
