The launch of Jamaica National Bank (JN Bank), on Thursday 8 October made history as it was the first Caribbean bank to be awarded a full banking licence by UK regulators. Based in Brixton JN Bank will initially offer retail savings and personal loan products.
The bank is wholly owned by the Jamaica National Group (JN Group), which has provided financial services for Caribbean communities in the UK, USA and Canada for more than 30 years. Through its UK representative office, JN Group has been providing financial services support to many Caribbean nationals. It also owns a remittance company, JN Money Services, and The Voice, Britain’s national Black newspaper.
Deputy managing director Paulette Simpson said: “JN made a commitment to the UK 32 years ago – to serve our members efficiently and support our communities.
“We have built strong ties with so many community organisations, institutions and leaders, and the establishment of this new entity will further strengthen our commitment to the UK market.”
Although the bank will take a digital-first approach, its strong community focus means that groups will be able to run activities, workshops and seminars from the flagship community branch.
JN Bank UK can be accessed at portal.jnbank.co.uk and its community branch is located at 410 Brixton Road, London SW9 7AW. For more information, contact Customer Services on 0808 196 1945.