# · 6 months ago

Here are 5 secure Development Banks in Jamaica that you must know.

Here are 5 secure Development Banks in Jamaica that you must know. photo jamaica

For non-commercial or economic purposes Development Banks provide financial support to help better a country's industry. You should only be offered only the best services so take a look at our list of five secure Development Banks in Kingston and St Andrew Jamaica. Having a hard time finding the best development Bank for you? Ask us, and we'll find it for you.

Bank Of Jamaica

876-922-0750    ⚐ Nethersole Place, Kingston, Jamaica

The Bank of Jamaica, established by the Bank of Jamaica Law (1960), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939. The establishment of the Central Bank was in recognition of the need for an appropriately regulated financial structure to encourage the development process, particularly as Jamaica was about to embark on the road to political independence.

The main objectives of the Central Bank were defined by the Bank of Jamaica Act to be:

To issue and redeem notes and coins.

Citibank N.A.

876-926-3270    ⚐ 19 Hillcrest Avenue, Kingston 16, Jamaica

Citibank, which was formally known as the First National City Bank of New York, first opened its doors for business in Jamaica in September 1960. It began operations as a commercial bank with eight branches across the island. The bank subsequently consolidated its activities to a single branch in 1980 to focus on a special banking concept called Corporate Banking. This new focus was fully established in 1981 and Citibank became the first corporate bank in Jamaica focussing on a select, target market of corporate clients.

Development Bank of Ja Ltd

876-929-4000    ⚐ 11A-15 Oxford Road Kingston 5 St. Andrew

The Development Bank of Jamaica (DBJ) is a wholly-owned government institution that provides opportunities to all Jamaicans to improve their quality of life through development financing, capacity building, public-private partnership, and privatisation solutions in keeping with government policy.

In April 2000, a merger of two national development entities, the Agricultural Credit Bank Limited and the National Development Bank, resulted in the establishment of the DBJ. Later in 2006, the National Investment Bank of Jamaica Limited was further amalgamated into the DBJ.

At the DBJ, we provide funding and technical assistance to large projects. We have also expanded and improved our support to include micro, small and medium-sized enterprises (MSME). MSMEs are widely recognised as the engine of economic growth and development, especially in small economies.


876-630-1400    ⚐ 85 Hope Road, Kingston 6

The National Export-Import Bank of Jamaica (EXIM Bank) is Jamaica's premier trade financing institution and the Caribbean's first Export-Import Bank.

It plays a fundamental role in national development by providing a wide range of financing instruments at competitive interest rates for the country's productive sector. It aims to assist in the growth of this sector and to contribute to the development of the wider national economy.

Specific focus is placed on SME entities involved in non-traditional exports, such as Tourism, Manufacturing, Agro-processing, Mining, the Service Industry, Information Communication and Technology and the Creative Industries. EXIM Bank offers an impressive suite of financing products to these entities. It is particularly known for its trade financing facilities and specifically its international lines of credit, which enable Jamaican companies to do business with any country in the world.

Sagicor Bank Jamaica Ltd

876-946-9490    ⚐ 85 Hope Road Kingston 6 Jamaica

Sagicor Group Jamaica is a majority-owned subsidiary of the Sagicor Financial Corporation (SFC).

We are a full-service financial institution offering a wide range of products and services. Our financial solutions are designed to meet short and long-term life and health insurance, annuities, pensions, real estate, banking, and investment needs.

The Sagicor Bank is the retail, business, and corporate banking arm of Sagicor Group Jamaica. We are the third-largest commercial bank in Jamaica. Our vision is to be a great company committed to improving the lives of people in the community we serve. We endeavour to provide quality products and services to our customers while delivering strong returns on our shareholders' investments. We have a wide range of credit and deposit facilities, and we are ready to help you realise your immediate and future goals.