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Jamaica-based PAN Caribbean Financial Services' (PCFS) net profit climbed 3% last year to J$1.52bn (US$17.7mn) on higher interest margins, and fee and commission income, the firm said in an earnings release.
PCFS posted J$2.75bn in net interest income, increasing 4.8% over 2009, and J$406mn in fees and commission income, up 20.8%.
Foreign exchange trading and translation losses totaling J$23.5mn in 2010 reversed a J$295mn gain in 2009, while equities trading gains of J$31.6mn reversed a loss of J$10.9mn.
PCFS offers a range of banking products and services and is part of financial services group Sagicor Financial Corporation.