Victoria Mutual Building Society
A tradition that began with a vision
One hundred and twenty five years ago, a few good men had a great vision. It was a vision to establish a building society that would help poor Jamaicans to become proud homeowners. Inspired by then Rector of the Kingston Parish Church, Rev. G.W. Downer, The Victoria Mutual Building Society was formed on November 14, 1878, "to meet the needs of the deserving thrifty". Today, VMBS is not just a building society, but comprises a corporate group of four subsidiaries: Victoria Mutual Insurance Company; Victoria Mutual Property Services Limited and Victoria Mutual Wealth Management Limited.
Since its inception in 1878, VMBS has focused on transforming its savers into homeowners. Savers in Jamaica and abroad, have remained loyal to the Society, having developed trust and confidence in its mode of operations over the years. Membership has grown to yield a customer base of over 700,000 members residing in over 50 countries across the world.
In 2002, the building society had an asset base of over J$21 billion, while the asset base for the group totaled over J$25 billion. The mortgage portfolio of VMBS was in excess of J$1.5 billion at the time while savings balances recorded growth of 7.7% to reach J$19.5 billion.
Over the years, Victoria Mutual has built a tradition of excellence and integrity. On November 14, 2003, the Society officially celebrates 125 years of existence. VMBS has become one of the most successful building societies in Jamaica and the Caribbean – success born of hard work, integrity and the sustained confidence of its savers, borrowers and business partners.
8 - 10 Duke Street
Hours of Operation
Monday 08:30am - 02:30pm
Tuesday 08:30am - 02:30pm
Wednesday 08:30am - 02:30pm
Thursday 08:30am - 02:30pm
Friday 08:30am - 02:30pm