Jamaica
Bankers Association
Overview
The Jamaica Bankers Association (JBA)
is the professional industry representative body for commercial
and merchant banks in Jamaica. The JBA is a not-for-profit
corporation, whose activities are funded by membership fees
and revenues that may result from the conduct of other activities
in support of the Association’s objectives.
Mission
To ensure the strength and continuing success of our member
organizations by promoting a safe, vibrant and competitive
banking sector through an effective programme of advocacy
and education that will also enhance the economic well being
of consumers within the banking community.
History
The JBA was incorporated under the Laws of
Jamaica as a Company limited by Guarantee and not having a
share capital on August 14, 1973 by the country’s then
eight commercial banks. Membership resides with the banking
organizations and the Articles of Association prescribe that
Trust Companies, Finance Houses and other
Banking Institutions may, by resolution, be invited to become
associate members.
In 1977, the JBA’s training arm, the
Jamaica Institute of Bankers (JIOB) was set up by the Bank
of Jamaica and the commercial banks to satisfy the training
and professional development needs of persons employed within
the financial sector. In addition to providing an on-going
programme of conferences, workshops and tutorials, the JIOB
offers a fully accredited distance-learning programme of studies
leading to the Masters of Business Administration (MBA) through
the Manchester School of Business, the University of Wales.
The JBA maintained its own secretariat until
December 2002, when these services along with those for the
Jamaica Institute of Bankers Association (JIOB) and the were consolidated within
the Private Sector Organisation of Jamaica (PSOJ). |
