Jamaica Best Bank: National Commercial Bank

Jamaica Best Bank: National Commercial Bank

Bonds Structured Finance Jamaica Corporate & Sovereign Strategy

Jamaica¹s economic woes have not made life easy for its banks ­ and conditions are not expected to improve soon. After struggling through a prolonged recession, last year Jamaica¹s real GDP grew by 1.5% and is forecast to grow by just 0.5% this year, according to Fitch, which expects an average growth rate of 1.0% for 2013-2014. National Commercial Bank of Jamaica, which had total assets of J$379.4 billion ($4.23 billion) as of mid-year ­ up by J$31.5 billion dollars from the year before ­ remains the country¹s largest player, rendering it best equipped to handle any further economic deterioration. NCB accounts for nearly a third of the assets in the banking system. At the

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