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 2010, the commercial and merchant banks that comprise the financial service industry had total assets of J$589,705,187 billion with liabilities of J$505,942,458 billion resulting in total capital of J$83,762,729 billion as under:
| Assets | Liabilities | Total Capital* | |
|---|---|---|---|
| Commercial Banks |
589,705,187 |
505,942,458 |
83,762,729 |
| Merchant Banks |
24,494,377 |
19,786,366 |
4,708,011 |
| Total |
614,199,564 |
525,728,824 |
88,470,740 |
*(Excess Assets over Liabilities)
Source: Bank of Jamaica (http://www.boj.org.jm)
The Supervised Population
|
Supervised Entries | 2007 | 2008 | 2009 | 2010 | 2011 |
|---|---|---|---|---|---|
|
Commercial Banks |
6 | 7 | 7 | 7 | 7 |
|
FIA Licensees |
4 | 3 | 3 | 3 | 2 |
|
Building Societies |
4 | 4 | 4 | 4 | 4 |
|
TOTAL |
14 | 14 | 14 | 14 | 13 |
