CCFG News

Team members from Capital & Credit’s Ocho Rios Branch made good on a promise to the St. Ann Infirmary during a post-Labour Day Project in the Parish recently.   The team which visited the Infirmary earlier this year, made a commitment to continue to take advantage of opportunities to contribute to the welfare of the residents.

Although the project had been initially planned for Labour Day this year, a decision was taken to reschedule the activity after sections of the Country experienced the recent period of social unrest. 

In recognition of Education Week observed May 3- 7, 2010, four completely refurbished computers, including CPUs, monitors and keyboards, were donated by the Capital & Credit Financial Group (CCFG).

The True Missionary Church of God Ministries, St. Peter Claver Primary School; Mustard Seed - Dare to Care Home and Wolmer’s High School for Girls were each recipients of a computer to assist with either their administrative functions or to tutor students.

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. 

Xoom Global Money Transfer, available online at Xoom.com, recently brokered a blockbuster partnership with one of Jamaica’s outstanding and most respected financial institutions, Capital & Credit Financial Group Limited, via its remittance arm Capital & Credit Remittance Limited.