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CEO of Jamaica National Group Earl Jarrett.
The Jamaica National Group made intense capital investments during the financial year ending March 2020, as it sought to further strengthen the group’s operations, improve service to members and to its employees, as well as expand its reach.
Among the intense investments was the expenditure of £25 million to establish a digital ‘challenger’ bank in the United Kingdom. The set up allows customers to open an account in a mere five minutes and access a loan in 11, as long as they provide the requisite documents.
“Many of you will recall the factors that led to that decision, which was really the absence of correspondent banking services, as you have all come to learn over the past year or two, in the UK we were literally chased out of banks, as no one wanted to bank a Caribbean entity,” Earl Jarrett, chief executive officer, told some 459 members and guests during the JN Group’s 4 ....

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