Moving Forward

Moving Forward

Bonds Structured Finance Jamaica Corporate & Sovereign Strategy

Jamaica’s National Commercial Bank (NCB) boasts the country’s 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 government’s 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. “We’re hoping that things continue to improve going forward,” says Dennis Cohen, managing director and CEO of NCB Capita

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial