NCB – building a better Jamaica
The tag-line of National Commercial Bank (NCB), ‘building a better Jamaica’, is especially apt as the organization’s roots have been in Jamaica for over one hundred and fifty years. What is now National Commercial Bank Jamaica Limited first began when the Colonial Bank of London, England, commenced operations in Jamaica in 1837 and through a series of mergers and acquisitions, became the National Commercial Bank in 1977. In 2002 the AIC Group, led by Jamaican-Canadian billionaire, Michael Lee-Chin, acquired 75% of the shares in the National Commercial Bank. With the backing of AIC Limited, Canada’s largest privately held mutual fund company, NCB has been better able to create long-term wealth for clients and be a leader in financial services in Jamaica. NCB offers a wide range of banking and financial services with a staff complement of 2,400 and through a branch network of over 45 locations and 145 island-wide ABM locations, Internet banking and toll-free Customer Care Centre.
The Bank has also has a representative office in the United Kingdom. The National Commercial Bank boasts a number of significant milestones including the launch of the first Jamaican credit card "Keycard" in 1981; in 1983, NCB became the first Jamaican bank to have deposits in excess of $1.0 billion and is also the first bank to offer Internet Banking in Jamaica. NCB has total assets of US$3 billion and total equity of US$300 million as of March 2005. The core subsidiary companies comprise: NCB Capital Markets Limited, which offer securities, stock brokerage, fund and investment management services; West Indies Trust Company offering pension and property management services; NCB Insurance Company providing bank-assurance products; NCB (Jamaica) Nominees with registrar services, off-shore banking services via NCB (Cayman) Limited and remittances through Senvia Money Services (UK) Limited.
Building a Better Jamaica