Scotia Group Jamaica held its annual general meeting (AGM) at the Pegasus Hotel in New Kingston last Friday (March 7), where it reported record profits.

It was well attended, with both chair Anya Schnoor and CEO Audrey Tugwell-Henry giving shareholders progress updates made during financial year 2024.

Scotia Group Jamaica reported total assets of J$705 billion, up on the previous year’s J$664.74 billion. Total loans for the year under review came to J$312.76 billion, a notable jump from the J$268.83 posted in the prior year. Earnings per share rose to J$6.48 while return on equity moved to 15.55 per cent.

Tugwell Henry declared: “In the financial year 2024, we carefully executed on year one of our five-year strategic plan in line with our Scotiabank global strategy”.

Scotia listed its strategic priorities as:

• Earn primary client relationships,

• Make it easier for clients to do business,

• Win as one team, and, ultimately

• Drive sustainable, profitable growth.

“This clear focus on deepening client relationships and offering the best financial solutions has resulted in increased demand for our products,” she added.

Photos by Our Today’s Dennis Brown: