Is Jamaica’s banking sector as uncompetitive as it feels? A landmark new study from the Fair Trading Commission provides a revealing, 25-year look under the hood. While major banks like NCB and Scotia Bank continue to be persistent market leaders, the research uncovers a sector in transition, where competitive behaviour exists alongside high market concentration. From the impact of new players like JN Bank to the disruption of COVID-19, this article also briefly explains what the findings mean for your wallet and the future of banking in Jamaica.
To access the article click here.
To access the empirical study click here.