Sagicor Bank Jamaica has made the difficult decision to place the lands under mortgages for the Hambani Estate Development, granted to First Rock Real Estate Investments Limited, into receivership. This is with the exception of one house lot, which has been fully paid for. The decision follows months of good-faith efforts to reach a fair and sustainable resolution.  

This outcome is the result of extensive dialogue and compromise. It comes only after exhausting all reasonable alternatives to achieving a mutually beneficial resolution. Our responsibility extends not just to our partners but also to our clients, employees, shareholders, and the broader community.

Sagicor Bank remains committed to operating with prudence, transparency, fairness, and integrity. We will continue to act in the best interest of all our stakeholders.