NATIONAL COMMERCIAL BANK KINGSTON JAMAICA

On 16 September 1985, a holding company, N.C.B. Group Limited, was incorporated in order to reorganize the structure of NCB and its subsidiaries. NCB Group subsequently acquired all the issued share capital of NCB and its subsidiaries. On June 30, 1986, National Investment Bank of (NIBJ), a Government owned company, acquired the entire issued share capital of NCB Group.

In 1996, NCB merged with Mutual Security Bank Jamaica Limited, thus becoming a dominant force in the financial sector. On 8th November 2000 NCB Group Shareholders approved a Scheme of Arrangement put forward by the NCB Group Board, and as a result, received one ordinary share in the Bank in exchange for each ordinary share held in NCB Group Limited.

On 4th December 2000, the Bank shares became tradable on the Jamaica Stock Exchange, replacing the old NCB Group Limited shares. National Commercial Bank Jamaica Limited is the new parent Company of the reorganized NCB  Banking Group, the other companies being, NCB  (Investments) Ltd., Omni Insurance Services Ltd., Edward Gayle and Co. Ltd., West Indies Trust Co. Ltd., Data Cap Processing Ltd., NCB  Jamaica (Nominees) Ltd., and NCB  Cayman Ltd., all of which are financial service entities.

A new era began for NCB on March 19, 2002, when AIC Limited, Canada's largest privately held mutual fund Company, acquired just over 75% of the shareholding in the bank from FINSAC. With this acquisition, NCB’s ownership structure became clearly defined.

AIC Limited is the 11th largest mutual fund company in Canada, and in 2001 the company held more than J$445 billion under management for approximately 1 million Canadians. Michael Lee-Chin, a Jamaican-Canadian, is Chairman and Chief Executive Officer of AIC Limited and owns 90 percent of the company, with the remaining 10 percent being owned by staff.

Mr. Lee-Chin's roots are deeply embedded in Jamaica, as his family operates the very successful supermarket chain, Super Plus. NCB is now a strong and secure organization and its capital base is one of the largest in Jamaica. The new owners have committed the resources of AIC Limited towards the success of the organization

Why bother visit the branch?  Through NCB’s electronic network, customers can bank with ease and convenience at any one of our Midas ABM locations, 24 hours per day, 7 days a week. We've even introduced the first 2 Drive thru ABM's in the country.5