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2017
The Jamaica National Group and JN Bank launched
On February 1, 2017, The Jamaica National Group, a powerful, Jamaican mutually-owned global business, became a reality and the country’s third largest commercial bank, JN Bank, was launched.
In addition to converting the deposit-taking arm of the Jamaica National Building Society (JNBS) into JN Bank, the JN Group was restructured to ensure compliance with the new Banking Services Act. The Jamaica National Group became the parent company of the JN Financial Services Group and the MCS Group, which is the holding company for all non-financial companies within the JN Group.
The Jamaica National Group is comprised of several world-leading entities which provide a wide array of financial, technology, creative and fleet management services, among others.
The Water Project Jamaica, funded by Inter-American Development Bank, was launched by the JN Foundation in 2017.