NCB Jamaica makes Record Profits

NCB Financial Group, parent of National Commercial Bank Jamaica recorded profits in excess of USD 157 million representing an increase of 40 percent over the same period in the previous year (ended June 30). This represents the bank’s best performance to date.

The Bank’s expenses also increased by 37% for the same period, while net loans and advances increased by 70% over the previous year. Non-performing loans also increased from 2.6% to 4.8% in the same period.

The Directors declared an interim dividend of JMD$0.70 per ordinary stock.

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