News Release Categories: News Release

General News Releases.

VMIL Signs $700M Loan Facility With Kingston Properties

Victoria Mutual Investments Limited (VMIL) has inked a $700 million deal with real estate investment company, Kingston Properties Limited, in the form of a 13-month bridge loan to complete the expansion of its property portfolio.  Dwight Jackson, Assistant Vice President, Corporate Finance, Victoria Mutual Wealth Management Limited, said this financing solution aligns well with the …

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VM Money Transfer Services Hands Over $2M In Month End Promotion

KINGSTON, Jamaica – Savanna-la-mar furniture maker, Randy Martin, was the lucky grand prize winner of $1 million in the VM Money Transfer Services (VMTS) Month End promotion, which also saw two second place winners walking away with $500,000 each. The VMTS Month End promotion ran from April 6 to June 25, and saw customers being automatically entered into …

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VMIL Recorded Strong Wins in 2020

Excellence in Digitalization & Customer Experience Underpins Difficult Year Victoria Mutual Investments Limited (VMIL) recorded strong wins in 2020, rising above the economic fallout of the COVID-19 pandemic to record a consolidated revenue of $1.88 billion, while implementing a suite of solutions to improve excellence in service delivery and digitalisation. This was announced at the …

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VM Wealth Offers Free Advisory Service To Help SMEs Retool In Pandemic

Victoria Mutual Wealth Management Limited (VM Wealth), the investment arm of the Victoria Mutual (VM) Group, is urging small and medium-size enterprises (SMEs) to take advantage of its free advisory services to retool and restructure their businesses for growth in the post-pandemic era. Devon Barrett, Group Chief Investment Officer and Head of the Strategic Investment …

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VM Wealth Offers US Equites Trading Option For Local Investors

Jamaican investors are being encouraged to become global investors, by taking advantage of a robust United States stock market in areas such as ecommerce and cloud computing, despite the economic decline brought on by the pandemic. Rezworth Burchenson, CEO, Victoria Mutual Wealth Management Limited, says the company has partnered with Interactive Brokers (IB), a leading …

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VM Foundation Empowers Youth in Social Enterprise Programme

The Victoria Mutual Foundation has empowered some 10,000 secondary-level students in the areas of financial literacy and entrepreneurship with the provision of high-level financial education content and training, through its partnership with the British Council on the Social Enterprise in Secondary Schools (SESS-J) Programme, which concluded in March.  In addition to an investment of some …

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VM F.E.T.E helping youth level up through access to financial education

The Victoria Mutual Group, through its VM F.E.T.E (Financial Education to Empower) programme, is equipping teens and young adults with critical money management principles to give them a solid financial foundation, through a series of engagement activities. The organisation’s latest Financial Education Seminar held at the Waltham Park New Testament Church of God, as part …

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