November 1, 2011
Jamaicas National Commercial Bank (NCB) boasts the countrys largest balance sheet and ranks ahead of its peers in terms of profitability after emerging from a protracted economic downturn.
Exposure to sovereign debt left it vulnerable during the governments exchange in 2010, but its ability to reduce funding costs and improve efficiencies compensated for the lower interest and income generated by trading, says S&P. The decent financial performance and improving capital ratios have now put it in a more comfortable position going forward.
Were hoping that things continue to improve going forward, says Dennis Cohen, managing director and CEO of NCB Capita
Jamaica - Best Bank – NCB