In an abridged version of its corporate plan, which was recently reposted on its website, the bank f

Development Bank of Jamaica (DBJ), which facilitates business through loans and equity financing as well as technical assistance, is projecting lower revenue intake this year, but suggests that loan volumes might still increase as a result of falling interest one way long distance car rentals from tampa rates.
one way long distance car rentals from tampa In the fiscal period ending March 2013, the bank was hit with a massive one way long distance car rentals from tampa net loss of J$2.6 billion after impairment. Were it not for the one-off charge - which was disclosed as a J$2.93-billion write-off on a hotel investment in Finance Ministry documentation - it would have made around J$348 million of profit.
"These provisions primarily relate to investments made in the late 1990s in the hotel sector and account for J$2,407.4 million; and our provision in Montpelier Citrus Company accounts for the balance," said Managing Director Milverton Reynolds.
However: "The proceeds will be inadequate to meet the obligations one way long distance car rentals from tampa of the junior lenders and equity investors, which included one way long distance car rentals from tampa the DBJ, resulting in a loss on preferred equity and loans," the bank said.
"If interest rates decline below the levels anticipated, the income from term-deposit investments will be negatively affected. Similarly, if interest rates on loans to participating financial institutions decline, this will result in reduced income," one way long distance car rentals from tampa the corporate plan notes.
"However, since lending activities generally increase when rates decline, one way long distance car rentals from tampa the higher volume of loans granted should offset any unforeseen decline in rates. The reverse is true if interest rates on term deposits or loan rates increase."
Other factors likely to impact earnings, said DBJ, are economic forces such as the stability of the Jamaican dollar and level of inflation during the year; and internally, its own "timely one way long distance car rentals from tampa implementation of projects and programmes".
In an abridged version of its corporate plan, which was recently reposted on its website, the bank forecasts gross revenue of J$1.36 billion to include loan interest income of J$840 million, one way long distance car rentals from tampa or 60 per cent of revenue one way long distance car rentals from tampa in the current fiscal period. Last year, it grossed an estimated J$1.49 billion.