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JMMB to enter Central America

Keith-Duncan--Noel-Lyon

JAMAICA Money Market Brokers Limited (JMMB) aims to enter Central America, according to its Dominican Republic (DR) operations.

JMMB currently operates in Jamaica, Trinidad and Tobago (T&T) and the DR.

“Our next step is to enter Central America market,” said Guillermo Arancibia, country CEO in the DR, in his address to shareholders at the JMMB extraordinary general meeting (EGM) held at the Terra Nova Hotel in Kingston last Wednesday. “Individually, these countries are not that big but together they are large.”

Central America consists of seven countries with a combined population of some 43 million, including Panama, Belize, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.

The DR firm offers the advantage of similar language but also an efficacious team which earned US$10.4 million in profit for its year ending 2014, up from $6.4 million a year earlier.

Published in the Jamaica Observer
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