KINGSTON, Jamaica-- Tessanne Chin was the first contestant to advance to the final round of NBC's The Voice competition Tuesday night.
Chin's passionate rendition of 'Bridge over Troubled Water' Monday night maintained the top spot on the iTune's music chart throughout Tuesday fuelling speculations that she would have mad ...more »
CIBC FirstCaribbean International Bank reported that its third quarter net profits fell by half to US$9.1 million.
Total revenues for the period ending July 31, 2013 were down by two per cent, to US$129.6 million, compared to the corresponding three months last year. This was behind an eight per cent decline in net interest income to US$90.3 million.
Operating income was 14 per cent higher at $39.3 million for the period under review while operating expenses increased by three per cent to $92 million.
The bank said that it continues to be impacted by "strained economic conditions in the region". FCIB has over 100 branches, banking centres and offices in 17 regional markets across the Caribbean and the world.
Despite the challenging overall economic environment, the company reported that it has improved in the area of loan loss impairment expenses, down US$20.9 million year to date.
CIBC FirstCaribbean has over 100 branches, banking centres and offices in 17 regional markets
across the Caribbean and the world.
POST A COMMENT
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.