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JN Bank Limited met tougher regulatory capital requirements in its 2025 financial year ending March, while also posting higher pre-tax profit and fewer impairment losses, its newly released financial results show.
It marks a steady recovery from the pressures of the previous year for Jamaica’s fourth-largest bank, according to the bank’s recently released year-end report.
“The bank’s capital adequacy ratio was 13.0 per cent, thereby meeting the revised minimum requirement set by the central bank,” the audited report states about the bank which holds $27.4 billion in capital, up from $27.1 billion a year earlier.
The Bank of Jamaica, BOJ, raised the minimum capital adequacy ratio from 10 per cent to 13 per cent, effective February this year, stated the financials. JN Bank’s current ratio meets the new benchmark. In 2024, it stood at 12.5 per cent – above the old threshold yet below the bank’s own internal target of 15 per cent. That shortfall triggered what management described as a “close call”.
“The bank is now meeting the revised minimum requirement. Management notes that the close call identified in the prior period does not apply to the current period,” the report stated.