Jamaica Mortgage Bank - Development Bank of Jamaica

Jamaica Mortgage Bank (JMB)

Mode of Procurement	Stock Exchange Listing – Privatisation
Project Sponsor(s)	Ministry of Housing, Urban Renewal, Environment & Climate Change (MHURECC) & Jamaica Mortgage Bank (JMB)
Description and location	The Jamaica Mortgage Bank (JMB) is a statutory corporation established under the Jamaica Mortgage Bank Act (1973) to foster the development of housing, directly or indirectly assist societies registered under the Co-operative Societies Act to develop cooperative housing and to develop an active mortgage market. The Government of Jamaica (GOJ) is seeking to privatise the Jamaica Mortgage Bank via the Jamaica Stock Exchange. The objectives of the GOJ include but are not limited to the following (a) to raise capital for JMB to be used to facilitate housing development and the deepening of the financial mortgage market; (b) to widen the base of ownership of JMB, and (c) provide funds to the GOJ.
Status	Due Diligence and Transaction Structuring
Estimated Capital costs/development expenditures	To be determined
Sources of Revenues	Income from operations at JMB
Expected life of the project	To be determined
Environmental Sustainability & Resilience features	To be determined

Contact Information

Nicola Russell
Manager
PPP & Privatisation Division
Development Bank of Jamaica
Email: nrussell@dbankjm.com
876-929-4000 Ext 4025

Suzette Bryan
Account Executive
PPP & Privatisation Division
Development Bank of Jamaica
Email: sbryan@dbankjm.com
876-929-4000 Ext 4125