The Jamaica National Group

The Jamaica National Group: Revolutionizing Financial Services in Jamaica

Founded in 1962, The Jamaica National Group has emerged as a prominent force in the financial services and insurance industries, with its headquarters in Jamaica. Through its latest initiative, the establishment of JN Bank, the company is reshaping the financial landscape.

The transformation from Jamaica National Building Society to JN Bank signifies a significant leap. With the approval of a commercial banking license from the Bank of Jamaica in February 2015, the company began the process of restructuring. JN Financial Group, the financial holding company, has been established to oversee JN Bank and other financial service companies within the group, including JN Fund Managers Ltd., JN Life Insurance Ltd., JN Money Services Ltd., JN Small Business Loans Ltd., JN Cayman Ltd., and JN General Insurance Ltd.

Moreover, the formation of the MCS Group as a non-financial holding company emphasizes the diversification and expansion strategies of The Jamaica National Group. By assuming control of entities such as Jamaica Automobile Association, JN Properties Limited, Management Control Systems, The Creative Unit, and Total Credit Services Limited, the company is showcasing its intent to broaden its influence beyond financial circles.

Overall, The Jamaica National Group's evolution into a global business entity reflects its commitment to providing comprehensive financial services and fostering member participation. As it consolidates its position as the third largest commercial bank in Jamaica, the company is set to play an instrumental role in shaping the financial sector in the Caribbean.