Petal James, Chief of Branches at JN Bank, says despite the many financial and social setbacks caused by the COVID-19 global pandemic, Jamaica is still positioned to move forward.
Miss James noted that the outlook for the country remains positive, with several opportunities for investment and growth on the horizon.
She made the comments, while speaking at a virtual information session, hosted by the JN Bank Canada Representative Office and the Alliance of Jamaican Alumni Associations (AJAA), held on June 29 via Zoom.
“We are optimistic that those sectors worse affected, and the stock market, will all rebound. In Jamaica, even as our highest earner, the tourism industry, faces its greatest challenge in its history, there are many opportunities, as aspects of the economy are buoyant,” she said.
The virtual information session was held in the absence of face-to-face meetings, due to restrictions imposed because of the global pandemic and a series of lockdowns in Canada.
The session was the second in a series of monthly meetings aimed at keeping JN Bank members informed and up to date about financial happenings in Jamaica. The meetings will be facilitated by and hosted through various Jamaican-Canadian community organisations.
Topics discussed included:
- Services offered by The Jamaica National Group
- Banking in Jamaica in the pandemic
- Saving in JN Bank from Canada
- Money transfer services
- Paying property taxes through JN Bank
Miss James further said JN Bank continues to be competitive in the mortgage market and the commercial banking space, pointing out that the company’s mortgage product offerings remain attractive for local and overseas investors.
She noted that industries, such as construction and real estate, remain solid in Jamaica and that demand for commercial and residential real estate remain high and interest rates on mortgages are still low.
The JN Bank executive also stated that tourism would rebound, adding that when it does, property owners could realise significant returns on their real estate investments.
She invited persons to visit www.jnbank.com for further information on mortgage financing and other banking opportunities.
