JMMB Group’s profit was cut in half last year. Yet customers added another $41.4 billion in deposits. Loans grew by $19.2 billion. And the group’s banking segment increased its operating contribution by 38 per cent to $6.24 billion.

At first glance, those numbers do not seem to belong in the same set of financial statements. One points to a business under pressure. The others point to a business that continued to grow. That gap helps explain a transformation that has been unfolding inside JMMB Group for more than a decade. Profit attributable to shareholders fell 56 per cent to $1.55 billion during the year ended March 31, 2026.

For years, many Jamaicans associated JMMB with fixed-income investments. But over the past decade, JMMB Group has expanded far beyond its brokerage roots, building banking operations across Jamaica, Trinidad and Tobago and more recently, in the Dominican Republic.