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PRESIDENT of the Jamaica Manufacturers’ Association (JMA) Omar Azan has urged local commercial banks to place emphasis on loans for the manufacturing sector, rather than the consumer loans they now push.

“It puzzles me that the lending practices of our banks are skewed to individuals for consumption loans and not business loans,” Azan said. “This calls for a review of our banking legislation and regulations as currently they do not foster the growth of businesses,” added the JMA president.
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Courtesy: www.jamaicaobserver.com

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