The Trinidad and To­ba­go Mort­gage Bank (TTMB) has re­port­ed prof­it af­ter tax of $81 mil­lion for the six-month pe­ri­od end­ed June 30, 2026.

This rep­re­sent­ed a de­crease of $13.4 mil­lion, or 14.2 per cent com­pared to the same pe­ri­od in 2025.

TTMB Chair Judy Kalloo ex­plained the dip in prof­its was dri­ven by low­er mort­gage in­ter­est in­come and high­er fi­nanc­ing costs.

Kalloo said, “Re­duced loan orig­i­na­tion vol­umes, and high­er fi­nanc­ing costs in line with pre­vail­ing in­ter­est rate con­di­tions, con­tributed to this de­cline, Ef­fec­tive cost man­age­ment helped con­tain op­er­at­ing ex­pens­es, which in­creased on­ly mar­gin­al­ly by 1.2 over the com­par­a­tive pe­ri­od, The Group main­tained healthy prof­itabil­i­ty, re­flect­ing the ef­fec­tive­ness of man­age­ment’s ef­forts to op­ti­mise fund­ing costs and pre­serve op­er­a­tional ef­fi­cien­cy.”

Kalloo ex­plained the TTMB was work­ing to in­crease mort­gage loan pro­duc­tion as she point­ed to new mort­gage prod­ucts in­tro­duced ear­li­er this year.

She said the TTMB was al­so work­ing on en­hanc­ing op­er­a­tional ef­fi­cien­cy and sup­port­ing na­tion­al hous­ing de­vel­op­ment ob­jec­tives to ex­pand both res­i­den­tial and com­mer­cial lend­ing while main­tain­ing pru­dent risk man­age­ment prac­tices.

“In align­ment with these ob­jec­tives, TTMB in­tro­duced a suite of new mort­gage prod­ucts dur­ing the pe­ri­od in­clud­ing Own Make Grow (OMG), and Se­cured Home­own­er­ship for Every Gen­er­a­tion (SHE). These ini­tia­tives are de­signed to broad­en ac­cess to fi­nanc­ing, pro­vide tai­lored so­lu­tions for di­verse cus­tomer seg­ments and strength­en in­clu­siv­i­ty with­in the hous­ing mar­ket. By em­bed­ding in­no­va­tion and flex­i­bil­i­ty in­to our of­fer­ings, TTMB ex­pects to en­hance the re­silience and com­pet­i­tive­ness of its mort­gage port­fo­lio, stim­u­late loan de­mand and cre­ate sus­tain­able path­ways to home­own­er­ship that sup­port na­tion­al de­vel­op­ment pri­or­i­ties.”