JN Bank posts more than J$2.2 billion in pre-tax profit for 2025-26 fiscal year
Key Points(5)
- JN Bank reported strong financial results for the fiscal year ended March 31, 2026, posting profit before tax of more than $2.29 billion as earnings more than tripled compared with the previous year.
- The bank reported net profit of $1.45 billion, up from $439 million a year earlier, driven by improved operating performance, stronger credit quality and continued growth in deposits and assets.
- Operating profit more than doubled to $2.81 billion from $862 million in the prior year.
- The bank also improved its operational efficiency, reducing its cost-to-income ratio to 87% from 95%, as income growth outpaced increases in operating expenses.
- JN Bank's loan portfolio also strengthened during the year, with impairment losses falling sharply to $285 million from $654 million, reflecting improved credit performance and prudent risk management.
JN Bank reported strong financial results for the fiscal year ended March 31, 2026, posting profit before tax of more than J$2.29 billion as earnings more than tripled compared with the previous year.
The bank reported net profit of $1.45 billion, up from $439 million a year earlier, driven by improved operating performance, stronger credit quality and continued growth in deposits and assets.
Operating profit more than doubled to $2.81 billion from $862 million in the prior year. The bank also improved its operational efficiency, reducing its cost-to-income ratio to 87% from 95%, as income growth outpaced increases in operating expenses.
JN Bank's loan portfolio also strengthened during the year, with impairment losses falling sharply to $285 million from $654 million, reflecting improved credit performance and prudent risk management.
Total comprehensive income increased to $2.46 billion, while retained earnings reached $5.5 billion, reinforcing the bank's capital position.
Total assets grew to $286 billion, and customer deposits increased by approximately $24 billion to just under $234 billion, which the bank said reflected continued confidence among Jamaicans at home and abroad.
The bank's total equity rose by $2.5 billion to just under $30 billion, while it maintained a capital ratio of 13%. Cash flow totaled $13.2 billion, supported by what the bank described as strong liquidity and capital levels.
"JN Bank will continue to improve operational efficiency and achieve its strategic objectives," said Keith Levy, interim managing director of JN Bank. "This will continue to drive its positive momentum and maintain its sustainable growth in the years ahead."
