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Scotia reports revenue dip of almost $500 million

Scotia Group Jamaica (SGJ), the island's second-largest bank by assets, had its revenue dip by almost $500 million, leading it to report lower profit for its second quarter, ending April 2018.
 
The group made earnings per share of $1.08 for the quarter compared to $1.10 a year earlier.
 
The revenue dip comes at a time when the bank actually increased its loan book but continues to struggle in a market with low interest rates.
 


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