NCB Financial Group Limited (“NCBFG”) was incorporated in Jamaica in April 2016 to be licensed under the Banking Services Act as the financial holding company for National Commercial Bank Jamaica Limited (“NCB”). In May 2019, NCBFG successfully completed the acquisition of a majority stake in the Trinidad-and-Tobago-based Guardian Holdings Limited (GHL). This resulted in NCBFG’s shares in GHL increasing from 29.99% to 62%, making NCBFG the controlling shareholder. Following a Scheme of Arrangement that was approved in March 2017, NCB became a wholly owned subsidiary of NCBFG and each holder of NCB ordinary shares was issued with ordinary shares in NCBFG in exchange for their shares in the Bank (NCB). Consequently, the shares of NCB were delisted and the shares of NCB Financial Group Limited were listed on the Jamaica Stock Exchange (JSE) and Trinidad and Tobago Stock Exchange (TTSE), effective March 16, 2017. In December 2017, NCBFG concluded the acquisition of a 50.1% majority stake in Clarien Group Limited, owner of Clarien Bank Limited based in Hamilton, Bermuda. The complete financial service offerings of NCBFG are accessible through our diversified portfolio of companies, namely:
Has roots dating as far back as 1837, and has a pioneering legacy that has been sustained as the organisation has evolved and transformed. Today, NCB stands as the largest and most profitable financial institution in Jamaica. NCB provides an array of products and services to meet the banking needs of customers; deposit accounts, unsecured and secured loans, credit cards, overdraft lines, foreign exchange, personal and private banking services. NCB also serves as the parent company for the following subsidiaries:
Is the wealth, asset management and investment banking arm of NCBFG, offering investment and brokerage solutions for individual and corporate clients and investment banking solutions to our corporate clients. Through NCB Capital Markets (Cayman) Limited, NCB Global Finance Limited and NCB Capital Markets (Barbados) Limited, similar services are extended to the Cayman Islands, Trinidad & Tobago and Barbados.
Offers solutions to meet the life insurance, long-term investment, and pension needs of individuals and group clients.
Is the offshore banking subsidiary of NCB and provides banking and trust services.
Is wholly owned by NCB Capital Markets Limited and is the island's largest general insurance company.
The philanthropic arm of NCBFG, was formalized to fulfil the bank's philanthropic commitment as a leading socially responsible corporate citizen, actively building the communities in which it serves. Since inception in 2003, the Foundation has channelled over $1 Billion dollars to support development projects across Jamaica in the areas of:
The vision of the NCB Financial Group Limited is to be among the top five financial institutions in the English and Spanish speaking Caribbean. NCB has been driving productivity of its core business while exploring inorganic growth opportunities, as a fundamental part of its growth strategy. It is against this background that the NCB Financial Group Limited became a reality. At the heart of NCBFG’s strategy is the continued desire to sustain its high performance over the long term for the benefit of all stakeholders including customers, employees, shareholders and citizens.
a Faster, Simpler, Stronger NCB which sets the B A R in the financial services industry regionally. [Note: Ensure to make this prominent / use the graphic showing the B A R tying to the priorities]
To accelerate our transformation journey, we will focus on three business priorities at the Group level, to: