Thursday, March 11, 2010   
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COMPANY OVERVIEW

‘Building a better Jamaica’, National Commercial Bank Jamaica Limited’s mantra, aptly describes the organization’s roots of just over one hundred and seventy years with its genesis in 1837, when the Colonial Bank of London, England opened its Harbour Street doors in Kingston. The face of banking in Jamaica began to change and through a series of mergers and acquisitions by Barclays DCO, it became known as the National Commercial Bank Jamaica Limited in 1977.

Today, NCB offers a wide range of banking and financial services through a network of 47 branches and over 160 ABMs island-wide, telephone and internet Banking, along with a toll-free 24 hour Customer Care Centre. The Bank also has a representative office in the United Kingdom and offers offshore banking in the Cayman Islands through its subsidiary, NCB (Cayman) Limited.

The National Commercial Bank is proud to boast a number of significant milestones including the launch of the first Jamaican credit card "Keycard" in 1981; the introduction of Jamaica’s first Drive Thru ABM and mobile Point of Sale machines, as well the first to offer internet Banking in Jamaica. In 2008, the Bank expanded its banking convenience solutions by being the first to provide the opportunity for individuals to apply online for personal loans and credit cards.

NCB remains a strong and secure organization with a capital base that is currently the largest in Jamaica. The strategic pillars upon which the organization pursues its business objectives are Innovation, Expertise and Strength. The operating subsidiaries are: NCB Capital Markets Limited, NCB Insurance Company Limited, NCB (Cayman) Limited, NCB Remittance Services (Cayman) Limited, NCB Remittance Services (Jamaica) Limited, NCB Remittance Services (UK) Limited, N.C.B. Jamaica (Nominees) Limited, Mutual Security Insurance Brokers Limited and West Indies Trust Company Limited. The company also pursues its corporate citizenship activities through its philanthropic arm - the N.C.B. Foundation

For the year ended September 30, 2008 the Bank reported net profits of over $8B, a 32% increase over the prior year. This financial icon, built from the hard work, loyalty and commitment of past and present Employees and Directors, today stands stronger and more prosperous than ever.

 

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