Friday 16 November, 2018

JMMB Bank revs up its motor vehicle portfolio

JMMB Bank’s general manager, client partnership, Moya Leiba-Barnes, revealed that the subsidiary has seen growth of over 25 per cent  in its motor vehicle portfolio, year-over-year, for the period ending May 2018.

As one of the smaller players in the motor vehicle financing, JMMB Bank has sought to expand its share of the market with competitive interest rates; faster loan processing time; special offerings and strategic partnerships with dealers and special groups such as selected executive agencies.  

Additionally, the bank’s general manager outlined that the company’s portfolio growth is reflective of its ability to bring innovation to the market and to continue to meet its clients’ needs.

JMMB's mixer at ATL's BMW showroom

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The JMMB Bank recently hosted an invitation-only mixer at ATL Autobahn where attendees were able to get an up close view of the 2018 and 2019 BMW models on display. The event is timely as the summer months typically see high motor vehicle sales and the 2019 BMW models have become available for purchase locally.

JMMB Bank provides a customized motor vehicle financing package – Drive Easy Solution – which is a bundled solution, offering clients a loan in addition to insurance coverage from JMMB’s Insurance Brokerage.

This solution is complemented by discounts on insurance premium for the tenure of the loan and 20 per cent discount on Hawkeye Vehicle Tracking system. Leiba-Barnes notes that although individuals can determine whether or not to take advantage of the complete solution; it is intended to offer clients with added benefits. This is in keeping with JMMB Group’s commitment to being in its clients’ world and providing easy, seamless financial solutions.

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