Subscribe for all my updates and don't miss a thing! Sign me up!
National Commercial Bank Jamaica
Building a better Jamaica
Sharing Is Caring! Share this awesome content with your friends now.
by Shermaine Anderson-Gayle
The National Commercial Bank Jamaica Limited (NCB), currently the largest bank in Jamaica, began operations when the Colonial Bank of London, England started out in Kingston in 1837.
New! Take a piece of Jamaica with you💃!
Savour the memories! Now you can get your authentic Jamaican souvenir items, as well as traditional Jamaican herbs, spices and housewares on our popular e-store. Click Here to learn more.
And, if you ever need a trustworthy and knowledgeable local guide, consider booking a private tour with us!
By 1925 there were a total of 11 branches island wide and in that same year the Barclays Bank Ltd. Gained ownership of the Colonial Bank and two other banks. This new organization was incorporated as Barclays Bank (Dominion Colonial and Overseas), which later became Barclays Bank D.C.O.
In 1975, Barclays Bank D.C.O. through its successor company, Barclays Bank International Ltd was operated and owned by a Jamaican subsidiary, Barclays Bank of Jamaica Ltd.
The government of Jamaica acquired all the shares of Barclays Bank of Jamaica in August of 1977 and changed its name to National Commercial Bank Jamaica Ltd. (NCB). At that time, NCB had the second largest banking operation in the island with total assets of more than $236 million.
In
1996, NCB merged with the Mutual Security Bank Jamaica Ltd., after
acquiring most of its shares and became tradable on the Jamaica Stock
Exchange in the year 2000 -on the 4th of December.
NCB started a new era when AIC Ltd., Canada’s largest privately held mutual fund company, acquired just over 75% of the banks shareholdings from FINSAC (Financial Sector Adjustment Company). Michael Lee-Chin a Jamaican Canadian currently owns 90% of NCB and the other 10% owned by staff.
Michael Lee-Chin is also the chairman and Chief Executive Officer of AIC Ltd.
Products and Services
NCB offers a wide range of products and services tailored to suit individual lifestyle and business needs. NCB has services for the small and medium enterprises to corporate and institutional banking, with various account types and credit cards to suit a wide range of business activities.
There are different types of personal services to choose from, such as regular savings account whether in local or foreign currency, personal loans, debit and credit cards, chequing accounts, foreign exchange services, remittance services, telephone and or internet banking and investments.
NCB was the first bank to issue credit cards in Jamaica. This was in April 1981 when they launched the keycard, the first local credit card.
NCB cards and products are designed to meet international standards and are able to access both local and international networks.
NCB has the largest cardholder and merchant base in Jamaica and service all major international brands such as Visa, MasterCard, Discover, American Express, Diners’ Club and Japan Credit Bureau.
Subsidiaries owned by NCB includes:
- NCB Insurance Company Ltd - which covers insurance.
- NCB Capital Market; covers wealth and asset management, investment options and advice.
- West Indies Trust Company; This company administers estates, making of wills and are trustees for various trusts.
- NCB Cayman - offering offshore banking &
- NCB Nominees; which provides comprehensive registrar and special issues, services for cooperations and employee share schemes.
NCB has acquired world class banking through the use of top technologies, providing exceptional products and services and improved customer relationships.
The changes that NCB has made over the years have facilitated greater levels of efficiency, faster transaction processing and improved quality of output.
For more on the bank including online banking and contact information links, visit their website.
Return to Jamaican Banks from NCB Jamaica Ltd.
Posted 11/18/2009
Pages Related To National Commercial Bank Jamaica
- Scotia Bank Jamaica Ltd.
- Jamaica Money Market Brokers
- Jamaica Currency
- Jamaican Coins
- The Jamaica Travel Guide
- Profile of Jamaica
- Our User Forums
- Our Blog Page.
- AND EVEN MORE...Search Here.
Return to Profile of Jamaica from National Commercial Bank Jamaica Ltd.
Return to My Island Jamaica Homepage from National Commercial Bank Jamaica Ltd.
New! Get My Latest Book👇🏿
 |
You asked, I've answered! You no longer need to save for months or years, to enjoy paradise! I spilled the beans! sharing my top tips on finding cozy accommodations and secret gems, only the way a native could! Click Here to pick it up on my e-store and start saving now! |
See The Best Of Jamaica - In Videos!
 |
My channel reaches over 140,000 subscribers worldwide and has leveraged over 11 million views, sharing, what I call 'The Real Jamaica'. Subscribe today and join our family of viewers. |
Read More ...
New! Experience The REAL Jamaica!
Book Your Private Tour here and experience Jamaica the way we (locals) do!
P.S. Didn't find what you were looking for?
Still need help?
Click Here to try our dependable and effective Site Search tool. It works!
Or, simply click here and here, to browse my library of over 500 questions and answers! Chances are someone already asked (and got an answer to) your question.
Featured Video!
Travelling To Jamaica?
Read this BEFORE you go
👇🏿
New Here?
I recommend you START HERE to enjoy the best of this website!
New! For Authentic Jamaican products, from my very own hands, visit my Etsy store here.
Recent Articles
-
101 Medicinal Herbs Of Jamaica- Top Natural Healing Herbs Of Jamaica
Nov 20, 24 09:27 PM
Here they are! The top 101 medicinal herbs of Jamaica. These ancient wonders that have provided effective natural healing from our parents and fore-parents. Ready? -
Does Jamaica Recognize Common Law Marriage?
Nov 20, 24 11:50 AM
To marry or not to marry? Once frowned upon, there’s much more leniency for common-law relationships these days. Does Jamaica Recognize Common Law Marriage? -
Can Jamaican Black Castor Oil Be Used On Your Face?
Nov 19, 24 05:29 PM
We have long discovered the great benefits of castor oil for our hair. But can Jamaican Black Castor oil be used on your face? -
Jamaica4-H Clubs Embrace Technology to Engage Youth
Nov 16, 24 11:14 PM
The Jamaica 4-H Clubs are taking significant steps to integrate technology into their agricultural initiatives, aiming to captivate and involve more young -
Jamaica Aims to Lead Global Health and Wellness Tourism
Nov 16, 24 11:10 PM
Tourism Minister Edmund Bartlett has announced plans to position Jamaica as a premier global destination for health and wellness tourism. The island’s
About The Author
A patriotic Jamaican who adores its culture, Wellesley has been using this medium to share what he calls 'the uniqueness of Jamaica with the world' since April 2007.
To date, he serves over 9,300 unique readers / viewers per day (and over 1.1millon page views monthly)
His efforts have earned this site featured positions in local publications, including the Jamaica Gleaner's Hospitality Jamaica, Carlong Publishers, as well as recognition from numerous prestigious international agencies and universities. Read more about him here.
He invites you to explore his books and subscribe to this site to stay updated on all the latest here on site.
You are also welcome to check out his unique Jamaican products on his e-store.
If you are on social media, here are the links to follow his latest posts:
You are also invited to join his exclusive JAMHearts community where like-minded Jamaican enthusiasts discuss all things Jamaican.
Didn't Find What You Are Seeking?
Do a quick site search here:
New! Comments
Have your say about what you just read! Leave me a comment in the box below.