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Trading

List of Banks in Jamaica

Published by Gbaf News

Posted on June 13, 2012

2 min read

· Last updated: November 14, 2018

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Banking Central Banks Digital banking financial services

Central Bank in Jamaica

Here is the list of banks in Jamaica
Central bank
The Bank of Jamaica

Commercial Banks Operating in Jamaica

Commercial banks
Locally-owned banks
First Global Bank (Parent -Grace Kennedy)

Foreign-Owned Commercial Banks

Subsidiary/branch of foreign entity
The Bank of Nova Scotia (Parent -SCOTIABANK)
Citibank Jamaica (Parent -CITIBANK)
First Caribbean International Bank (Parent -CIBC)
National Commercial of Jamaica (Parent -Portland Holdings)
RBTT Jamaica Limited (Parent -Royal Bank of Trinidad & Tobago)

Merchant Banks in Jamaica

Merchant banks
Locally-owned banks
Capital & Credit Merchant Bank (Parent-Capital & Credit Financial Group)
MF&G Trust & Finance
PanCaribbean Merchant Bank

Foreign Merchant Banking Entities

Subsidiary/branch of foreign entity    
Scotia DBG (Parent -The Bank of Nova Scotia)

Here is the list of banks in Jamaica
Central bank
The Bank of Jamaica

Commercial banks
Locally-owned banks
First Global Bank (Parent -Grace Kennedy)

Subsidiary/branch of foreign entity
The Bank of Nova Scotia (Parent -SCOTIABANK)
Citibank Jamaica (Parent -CITIBANK)
First Caribbean International Bank (Parent -CIBC)
National Commercial of Jamaica (Parent -Portland Holdings)
RBTT Jamaica Limited (Parent -Royal Bank of Trinidad & Tobago)

Merchant banks
Locally-owned banks
Capital & Credit Merchant Bank (Parent-Capital & Credit Financial Group)
MF&G Trust & Finance
PanCaribbean Merchant Bank

Subsidiary/branch of foreign entity    
Scotia DBG (Parent -The Bank of Nova Scotia)

Key Takeaways

  • The Bank of Jamaica is the central bank overseeing monetary policy and banking regulation in Jamaica.
  • First Global Bank is the only locally-owned commercial bank and a subsidiary of GraceKennedy.
  • Several foreign-owned commercial banks operate in Jamaica, including Scotiabank, Citibank, CIBC, NCB, and RBTT.
  • Merchant banking in Jamaica includes both local players like Capital & Credit Merchant Bank and foreign-linked entities like Scotia DBG.

References

Frequently Asked Questions

What is the central bank of Jamaica?
The Bank of Jamaica is Jamaica’s central bank, responsible for monetary policy and financial system oversight.
Which commercial bank in Jamaica is locally owned?
First Global Bank is the only locally‑owned commercial bank and is a subsidiary of GraceKennedy.
What foreign commercial banks operate in Jamaica?
Foreign-owned commercial banks in Jamaica include Scotiabank, Citibank Jamaica, First Caribbean (CIBC), National Commercial Bank Jamaica (Portland Holdings), and RBTT Jamaica (Royal Bank of Trinidad & Tobago).
What merchant banks operate in Jamaica?
Merchant banks include locally‑owned Capital & Credit Merchant Bank, MF&G Trust & Finance, PanCaribbean Merchant Bank, and foreign‑linked Scotia DBG.

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