CCMB

The Capital & Credit Financial Group (CCFG) and Capital & Credit Merchant Bank (CCMB) have both recorded un-audited increases in Net Profit After Tax of 8% and 12%, respectively, for the just-ended First Quarter 2010.  CCFG’s profit grew to $87.14 million, compared to the $80.78 million in 2009, while CCMB’s profit grew to $92.25 million, compared to the $82.40 million for the similar period last year.  

Capital & Credit Merchant Bank (CCMB) has announced the reduction of interest rates on retail and commercial loans.  Effective, April 20, 2010, the Bank has reduced its base rates on loans by two percent, bringing the total reduction since January, to three percent. 

Deputy Group President of the Capital & Credit Financial Group (CCFG), Curtis Martin, had some positive words of encouragement for a group of 6th form students at his alma mater, Kingston College recently.

Customers of Capital & Credit Merchant Bank (CCMB) are now able to access the funds in their accounts more conveniently with the launch of the Bank’s Capital Link debit card services.

 The deployment of this new facility is in tandem with the Group’s overall objective to enhance service delivery by increasing points of access for its members.