March 23, 2017 8:47 PM ET

Banks

Company Overview of National Commercial Bank Jamaica Limited

Company Overview

National Commercial Bank Jamaica Limited, together with its subsidiaries, provides various banking products and services primarily in Jamaica. The company operates through Retail & SME; Payment Services; Corporate Banking; Treasury & Correspondent Banking; Wealth, Asset Management & Investment Banking; Life Insurance & Pension Fund Management; General Insurance; and Other segments. It offers various products and services to individuals, including deposit products; automobile, mortgage, secured, and unsecured loans; private banking services; foreign exchange services; investment services, which comprise equity, money market, bond, and mutual fund products; corporate finance and portfolio mana...

32 Trafalgar Road

Kingston,  10

Jamaica

Founded in 1837

Phone:

888-622-3477

Key Executives for National Commercial Bank Jamaica Limited

National Commercial Bank Jamaica Limited does not have any Key Executives recorded.

National Commercial Bank Jamaica Limited Key Developments

National Commercial Bank Jamaica Ltd Appoints Julian Jordon as Director

National Commercial Bank Jamaica Limited announced that Mr. Julian Jordon has been appointed as a director of NCBJ on March 6, 2017.

National Commercial Bank Jamaica Limited Announces Interim Dividend, Payable on February 24, 2017

The board of directors of National Commercial Bank Jamaica Limited announced at its meeting on January 26, 2017, declared an interim dividend of JMD 0.60 per ordinary stock unit. The dividend is payable on February 24, 2017 for stockholders on record as at February 10, 2017.

National Commercial Bank Jamaica Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016

National Commercial Bank Jamaica Limited reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the period, the company reported net interest income was JMD 7,202,708,000 against JMD 7,035,767,000 a year ago. Operating income was JMD 14,220,737,000 against JMD 12,602,564,000 a year ago. Operating income has an improvement of 13% or $1.6 billion over the prior year's first quarter results. The performance was driven by gains realized on investment activities executed by the Treasury and Wealth Management segments, stemming from greater trading activity when compared to the prior year. Operating profit was JMD 4,105,983,000 against JMD 3,033,290,000 a year ago. Profit before taxation was JMD 4,926,989,000 against JMD 3,172,667,000 a year ago. Profit attributable to stockholders of the bank was JMD 3,560,533,000 against JMD 2,395,110,000 a year ago. Earnings per basic and diluted were JMD 1.45 against JMD 0.96 a year ago. Net cash used in operating activities was JMD 13,545,126,000 against net cash provided by operating activities of JMD 6,003,993,000 a year ago. Acquisition of property, plant and equipment was JMD 513,453,000 against JMD 173,562,000 a year ago. Acquisition of intangible asset, computer software was JMD 422,842,000 against JMD 320,419,000 a year ago. Return on average total assets was 2.3% against 1.8% a year ago. Return on average equity was 14.0% against 10.9% a year ago. Capital expenditure was JMD 936,295,000.

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