NCB Jamaica Finances Major Hotel Expansion

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National Commercial Bank Jamaica is funding a US$100M financing package for expansion of Blue Diamond Hotels & Resort Inc.’s “Royalton Hotels”. The deal is structured over 10 years and comprises of US$50M from NCB’s corporate division and US$50M from its Capital markets division. The loan will be used to refinance existing debt and fund the expansion of the hotel.

The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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