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March 31, 2015 1:48 AM 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 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 deposit products that include current and savings accounts; loans, such as automobile, mortgage, secured, and unsecured loans; personal and private banking services; foreign exchange services; pension services; equity, money market, bond, and mutual fund products, as well as corporate finance and portfolio...

32 Trafalgar Road

Kingston,  10

Jamaica

Founded in 1837

Phone:

876-929-9050

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 Limited Announces Retirement of Lincoln Mcintyre as Assistant General Manager - Credit

National Commercial Bank of Jamaica (NCB) has advised that Mr. Lincoln McIntyre, Assistant General Manager - Credit, went on retirement December 11, 2014.

National Commercial Bank Jamaica Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

National Commercial Bank Jamaica Limited announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the period, the company reported Net interest income of JMD 6,505,520,000 against JMD 6,354,825,000 a year ago. Operating income was JMD 11,961,171,000 against JMD 10,470,175,000 a year ago. Operating profit was JMD 2,743,641,000 against JMD 2,774,300,000 a year ago. Profit before taxation was JMD 2,898,442,000 against JMD 3,289,319,000 a year ago. Net profit was JMD 2,133,071,000 or JMD 0.87 per basic and diluted share against JMD 2,500,995,000 or JMD 1.02 per basic and diluted share a year ago. Net cash provided by operating activities was JMD 1,150,521,000 against JMD 13,871,818,000 a year ago. Acquisition of property, plant and equipment was JMD 699,322,000 against JMD 430,249,000 a year ago. Acquisition of intangible asset - computer software was JMD 203,486,000 against JMD 248,545,000 a year ago. Return on average total assets of 1.7%, down from 2.5%. Return on average equity was 10.4% against 15.8% a year ago. Pro forma return on average total assets of 2.2%. Prof forma return on average equity was 13.7% .

National Commercial Bank Jamaica Limited Declares Dividend Payable in February 2015

The Board of Directors of National Commercial Bank Jamaica Limited, at its meeting on January 22, 2015, declared an interim dividend of $0.45 per ordinary stock unit. The dividend is payable on February 20, 2015 for stockholders on record as at February 6, 2015. The ex-dividend date is February 4, 2015.

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