Development Bank of Jamaica

During the financial year ended March 31, 2008, the Development Bank of Jamaica approved 239 local currency loans totaling J$3.2 billion, and four foreign currency loans amounting to US$8.0 million. This compares with 104 local currency loans amounting to J$1.2 billion and one foreign currency loan of approximately US$1.1 million in the preceding year.

During 2007/2008, over 19% of loans approved by the DBJ was facilitated through the National People’s Cooperative Bank (NPCB) network representing $348 million of the total DBJ disbursements.

In extending its support to small and medium-sized enterprises in the productive sector, the Bank has maintained its commitment to the NPCB which continues to play a critical role in the provision of credit to small farmers and rural businesspersons.