“While some people have a problem for every solution, we know there’s a solution for every problem and we also know that there’s the seed of greater opportunity within every challenge. We have experienced business growth in recessions, we have withstood many crises, including the 2008 global financial crisis. Following the 2010 Jamaica Debt Exchange, our bank became the leading financial institution in Jamaica based on profitability, notwithstanding significant loss in income as a result of the restructuring of Government of Jamaica debt. We continue to innovate and transform. We will not be like Blockbuster and Kodak. We are committed to embracing external trends to disrupting ourselves rather than being disrupted.”
NCBFG President and CEO Patrick Hylton

“Accelerating our digital capabilities enables growth which allows us to confront a market environment which is less than stable, decrease costs and allow us to progress as a data-and-insights-driven organisation. Technology allows us to do more with less, and it is felt that investment in technology is actually a deflationary course in an inflationary economy and environment. On the value of technology to reduce costs NCBFG will be focusing heavy on executing its digital roadmap for the remainder of the financial year.”
NCBJ CEO Septimus Blake

“On the asset side, because the life, health and pension (LHP) business holds a tremendous amount of assets as reserves against liabilities, there is exposure to a drop-in asset values due to an economic downturn. However, it must be noted that an insurance company operates both on the asset side of its balance sheet and the liabilities side. Through our actuaries, we have developed a lot of technology to match those and our liabilities so that downward shifts in asset values to a significant degree are dampened by a commensurate downward shift in liability values. So, all in all, we have a fair amount of resilience to any economic downturn.”
Guardian Holdings Limited CEO Ravi Tewari

“Wah me want the people dem fi understand now, they have been doing so well and achieving big things, so we having a big Independence celebration and I want to take this time to say congrats to all a the athlete dem wah a win the gold and the silver and the bronze and everything, and everybody that took part in the World Championships. Big up the Reggae Girlz that made it to the World Cup again. The netball team, my gosh, they are doing so well. I don’t want to talk and leave out anybody, but they really are doing tremendously well. it’s not only the achievements of our athletes that have made us proud, but also their spreading of Jamaican culture. If you realise they have been bringing [our culture] with them wherever they go – dem a dance a the podium, dem a dance when dem win, dem a carry the culture fi real. I don’t want people to take the light from these magnificent athletes that are doing what they supposed to do and making us feel so proud,”
Kemar Christopher Dwaine Ottey aka Ding Dong.

“We will disrupt ourselves rather than being disrupted. We have learned the lessons from Blockbuster and Kodak film. Hence, we are determined that the transformation of our business model will remain within our control. I expect financial technology or fintech apps like Lynk to reduce the cost of doing business while improving the quality of service. Many of these transactions on Lynk are free of cost, so it reduces cost to serve both for the institutions and consumers. From a convenience perspective they can do [transactions] any place and any time and do not have to wait on the opening of a branch. So we see significant shifts. I see it as a facilitator of future trends and the way we have to go.”
NCB Financial President & CEO Patrick Hylton