Businessuite #7 Caribbean Ranked Public Company for 2015
National Commercial Bank – “Success Is Not A Sprint, It’s A Marathon”

Market/Stock Exchange: Trades under the symbol “NCBJ” on the Jamaica Stock Exchange and Trinidad & Tobago Stock Exchange.

Company: National Commercial Bank Jamaica Limited

2016 Rank
2015 Rank: #7
2014 Rank: #8

Chairman: Hon. Michael Lee-Chin OJ

Group Managing Director: Patrick Hylton

Address: National Commercial Bank Limited
32 Trafalgar Road,
Kingston 10
Jamaica, W.I.
Jamaica

Telephone: United States, Canada and the English Speaking Caribbean 1-866-622-3477
United Kingdom 0-800-032-2973
Website: www.jncb.com
Annual Reports and Performance http://www.jamstockex.com/market-data/stock-data/ncbj

Company Profile:
Jamaica’s largest banking and financial services group, based on consolidated total assets at
September 30, 2014. National Commercial Bank Jamaica Limited is a licensed commercial bank, which is regulated and supervised by the Bank of Jamaica. Major subsidiaries are:

NCB Capital Markets Limited (NCBCM) is a licensed securities dealer and investment advisor regulated and supervised by the Financial Services Commission.

NCB Insurance Company Limited (NCBIC) is a licensed life insurance company, and an investment manager and pension administrator regulated and supervised by the Financial Services Commission.

Advantage General Insurance Company Limited (AGIC) is a licensed general insurance company regulated and supervised by the Financial Services Commission.

In December 2013, we acquired AIC Finance Limited (in Trinidad and Tobago) through our wholly owned subsidiary NCB Capital Markets Limited (NCBCM). AIC Finance Limited was incorporated in the Republic of Trinidad and Tobago and held licenses under the Financial Institutions Act 1993 as a financial institution with authority to accept deposits, originate finances and service loans and leases, deal in investment securities, including certificates of participation in asset backed securities, and provide foreign exchange and trustee services.

Effective August 6, 2014, AIC Finance Limited’s name was changed to NCB Global Finance Limited. The results of NCB Global Finance are included in the consolidated results of the Group for the year ended September 30, 2014. This acquisition is aligned to our strategic goal of regional expansion, to serve our customers and secure wealth for all our stakeholders.

We provide retail consumers, small and medium-sized enterprises (“SMEs”), large corporations and government institutions with banking, wealth management, life & general insurance and pension fund management products & services.

Founded more than 175 years ago, we provide banking, insurance, investments, structured & trade finance, wealth management, pension fund management, and trust services through more than 40 branches and locations. We also offer selected transactions such as bill payments, transfers, and enquiries at over 200 automated banking machines (ABMs). In addition, there are selfservice options at financial kiosks and intelligent ABMs in our Bank on the Go locations and on the Internet -www.jncb.com.

“Success Is Not A Sprint, It’s A Marathon”

The following edited extract was taken from the company’s 2014 Annual Report to shareholders.

Our team at NCB continues to demonstrate immense flexibility in re-engineering its business models to navigate the adversities – by seeking and utilising the opportunities that exist. It has been a challenging year for Jamaica, many of our industries, our people and consequently our organisation. In the end, however we are most grateful for and pleased with our performance.

Banks around the world are demonstrating upturns in performance even as they contend with external factors that affect their ability to grow. These factors include strong competition, new entrants/players and the effects of various government policies. The trend has seen banks worldwide being in the midst of transformation.

More of them are downsizing, consolidating and integrating technology into their operations. Some are also re-imagining how banking services fit into the 21st century technology revolution.

We as individuals and as a company must consistently ask ourselves whether we are content with our achievements and if we are functioning in the best way possible to achieve our long-term goals. If not, then we have to change the way we operate. We must look forward to what could be, compare it with the lessons from the past, and develop improvements based on the combined experiences of all involved in order to stay at the top of our game.

There are major trends that are likely to shape banking in the future. A key trend is that our customers are taking more control of their financial relationships, and this trend is unlikely to change. By 2030 banks will deepen their personal connections with customers via data analysis techniques that might seem fantastic by today’s standards. The reliance on data in the design of service options will make the difference in the survivability of NCB and we are not only aware of this but have embraced it.

The 2014 financial year saw a strong dividend yield of [7.64%] and dividends declared were up [117%] over the 2013 financial year. For the financial years 2010 through 2014, we had an average dividend yield of [6.66%]. This is a commendable performance in these times.

We are known for our Innovation, Expertise and Strength, and these are brand pillars that have historically assisted us in achieving several industry firsts as we continue to lead the pace of banking innovation in Jamaica. In 2014 we deepened our efforts at transforming the Group as we prepared ourselves to seize market opportunities wherever and whenever they occurred. The seeds for future growth were sowed with investments and innovation initiatives in all business platforms. We are proud that during 2014 we became the first financial institution in Jamaica to achieve $500 billion (half a trillion) in assets and $200 billion in customer deposits. These are milestone achievements that can be leveraged to our advantage.

As we enter 2015 with even greater determination to succeed, and a strong commitment to provide exceptional customer service, while leveraging technological advancements and increasingly customer centric operations, we are confident of the future prospects for our business and of our resolve to manage both the opportunities and the challenges ahead.BM

Hon. Michael Lee-Chin OJ
Chairman
Main Positions: Chairman and President of Portland Holdings Inc,; Founding Partner of
Portland Private Equity, L.P.; Chairman of the AIC Caribbean Fund.

Special Achievements: Bachelor’s Degree in Civil Engineering, McMaster University in
Canada. Recipient of honorary Doctor of Laws degrees: University of the West Indies; Northern Caribbean University; McMaster University; University of Toronto ; Wilfrid Laurier University and York University. Chancellor of Wilfrid Laurier University. Recipient of the Order of Jamaica (OJ), for outstanding service in business and philanthropy and recipient of several prestigious awards in the areas of business and community service including the 2004 International Humanitarian Award from the American Friends of Jamaica. Awarded the Queen Elizabeth II Diamond Jubilee Medal in 2013 for significant contributions and achievements.
Length Of Directorship: 12 years