Our Industry

The Jamaican financial industry consists of commercial banks, merchant and trust banks, credit unions, building societies and licensees under the Financial Institutions Act.

Commercial Banks & Merchant Banks

As of December 2013, the commercial and merchant banks that comprise the financial services industry had total assets of J$766,062,440billion with liabilities of J$655,808,041billion resulting in total capital of J$110,254,399billion as under:

 

AssetsLiabilitiesTotal Capital*
Commercial Banks

740,690,116

635,812,877

104,877,239

Merchant Banks

25,372,324

19,995,164

5,377,160

Total

766,062,440

655,808,041

110,254,399

*(Excess Assets over Liabilities)


Source: Bank of Jamaica (http://www.boj.org.jm)


The Supervised Population

Supervised Entries

2010201120122013

Commercial Banks

7 7 7 7

FIA Licensees

3 2 2 2

Building Societies

4 4 4 4

TOTAL

14 13 13 13