Expected Credit Losses
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CIBC Jamaica profit plunges 88 per cent amid Hurricane
Jamaica· 2025-12-28 13:06
CIBC Caribbean Bank Jamaica Ltd made $45.9 million profit for its October 2025 year end or four-fifths less than a year earlier, as the bank grappled with the impact of Hurricane Melissa.It also forecasts that the credit quality of its borrowers could worsen threefold, but, even if that materialised, it would still remain well below the regulated ceiling for problem loans set by the Bank of Jamaica (BOJ).“It is generally understood that the full impact from Hurricane Melissa will become more apparent over t ...