Tag Archive | "NCB"
National Commercial Bank Cuts Loan Rates Again
National Commercial Bank (NCB) announced yesterday, that effective August 2010, the bank will cut its base lending rate by three percentage points, moving it to 17.75 per cent from 20.75 per cent. NCB now joins FirstCaribbean and Scotiabank in reducing interest rates. NCB’s announcement was made yesterday along with the release of the banking group’s [...]
Continue reading...NCB Extends Tenure Of Loans To SMEs
Saturday, May 8, 2010
As it signals its commitment to help spur growth in Jamaica’s productive sector, National Commercial Bank (NCB) has announced that it will extend the tenure of two of its loan products which are specific to local small and medium enterprises (SMEs). In a press release issued yesterday, NCB Group managing director Patrick Hylton said “Our [...]
Continue reading...Jamaica Observer Article – NCB & Scotiabank Jostling For Auto Loan Market
Friday, March 12, 2010
Today’s Jamaica Observer newspaper has an article about the on-going battle between National Commercial Bank (NCB) and Scotiabank over the auto loan market. “LEADING financial institutions National Commercial Bank (NCB) and Scotiabank are jostling for the major share of the tight auto loan market, both significantly chopping interest rates and wooing auto dealers over the [...]
Continue reading...NCB To Focus On Loans To Offset Jamaica Debt Exchange
Friday, February 26, 2010
THE National Commercial Bank (NCB) has signalled that a focus on its loans portfolio will guide its strategy for shoring up income lost from the financial fallout and the reduction in its interest income earnings from Government of Jamaica (GOJ) securities. NCB is expected to naturally shift the way it operates, following the effective conclusion [...]
Continue reading...Former Loans Officer Sentenced To 3 Years In Prison For Fraud
Thursday, January 21, 2010
27 year old Kevin Marshall, a former loans officer assigned to the Knutsford Boulevard branch of the National Commercial Bank, was sentenced yesterday to three years’ imprisonment, after he pleaded guilty to fraud charges in the Corporate Area Resident Magistrate’s Court. He was sentenced to 18 months for a count of conspiracy to defraud, and [...]
Continue reading...NCB Business Loans
Monday, November 30, 2009
National Commercial Bank (NCB) continues its drive to drum up loans, with an ad in today’s Jamaica Observer newspaper offering its business loans. Here are the details from the ad which had the slogan, ‘We help your business achieve big dreams‘: Get the support you need to realize your big dreams from NCB’s experienced Business [...]
Continue reading...NCB Advertises Its Nation Builder Credit Line
Sunday, November 15, 2009
Late last month, we noted that National Commercial Bank (NCB) announced the creation of a $1-billion concessionary loan fund that will provide loans at 9.0%. Today, NCB has published a full-page ad in the Gleaner newspaper, announcing the launch of its Nation Builder Credit Line. Here are the details as per the ad: Financing at [...]
Continue reading...NCB Announces 9% $1-Billion Loan Fund
Wednesday, October 21, 2009
Following ScotiaBank’s recent announcement of the creation of a 9.95% loan pool for the productive sector, National Commercial Bank of Jamaica has announced the creation of a $1-billion concessionary loan fund that will provide loans at 9.0%. Loan applications for the facility will reportedly open on November 1, and close April 2010 – with special [...]
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Saturday, July 24, 2010
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