Jamaica Money Market Brokers Limited (JMMB) has advised that JMMB through Jamaica Money Market Brokers (Trinidad and Tobago) Limited (JMMB`s Trinidadian holding company) has obtained 100% ownership of Intercommercial Bank Ltd. and Intercommercial Trust & Merchant Bank Ltd. (IBL Group), having concluded the transaction to acquire the remaining 50% shareholding in those entities on October 3, 2013; making it JMMB`s very first commercial bank.
