Loans Jamaica

First Global Bank, Jamaica’s smallest commercial bank, has joined its larger peers – ScotiaBank and National Commercial Bank – in reducing loan rates. Effective September 1, 2010, First Global’s base rate will be cut by two percentage-points to 18.75 per cent.

First Global’s president, Maureen Hayden-Cater, is quoted in a recent release stating that “The decision was made in response to a reduction in market interest rates and FGB’s commitment to provide our customers with affordable solutions to meet their personal and financial goals, while stimulating the economy.“