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Scotia Group makes more than $12 billion profit

Scotia Group Jamaica ended its 2018 financial year with $12.8 billion in profit.
 
This was a three per cent or $364 million increase over last year.
 
Loan growth was at 10 per cent.
 
Scotia Group says it recorded strong performance in its retail, small business and commercial portfolios.
 
Revenues from foreign exchange activities and expense management were the other drivers of performance.


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