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Bruce Bowen, CEO of National Commerical Bank Jamaica.
National Commercial Bank Jamaica Limited (NCBJ) has announced the termination of the agreement previously executed with Berkeley Financial Holdings Limited for the sale of NCBJ’s wholly-owned subsidiary, NCB (Cayman) Limited (NCB Cayman).
In a release to investors published by NCBJ’s parent company NCB Financial Group Limited, it was noted that the termination of the sale agreement arose as the transaction had not reached completion within the time agreed, and in the specific manner contemplated by the parties.
NCB Cayman therefore remains wholly-owned by NCBJ and maintains its focus on providing enhanced services to its clientele.
CEO of NCBJ, Bruce Bowen, noted: “Our focus remains on identifying and pursuing opportunities that align with the overarching objectives of our business. In the meantime, NCB (Cayman) Limited will continue to be a key component of our operations, playing an important role in delivering value to our clients and stakeholders. As we move forward, we are committed to leveraging its strengths and exploring strategic options that support growth and innovation within our group.”
NCB Cayman is a commercial bank domiciled in the Cayman Islands, which operates under a Class-A licence from the Cayman Islands Monetary Authority (CIMA) offering an array of investment banking, wealth and asset management to its customers. It intends to continue in executing its strategy for increasing market share and expanding its product offerings.
