The JMMB group is seeking to establish a bank in the Dominican Republic, pending approval from the regulatory authorities in that country.
According to a news report from a respected source, Business News Americas, JMMB, is hoping to have the bank operational by year end.
The Dominican Republic based bank, would add to JMMB’s presence in that country, in which it now operates the securities dealership, JMMB Dominicana.
The move comes a year after JMMB took full control of Trinidad and Tobago based Inter-Commercial Bank.
JMMB has also applied for a commercial banking license in Jamaica, but the Bank of Jamaica has not yet given its approval.
View the original article here
JMMB Group seeking to establish bank in Dom Rep
