NCB profit hits J$6 billion at the six-month mark - Business - JamaicaObserver.com

NCB profit hits J$6 billion at the six-month mark - Business - JamaicaObserver.com: "KINGSTON, Jamaica — The commercial banking portfolio of the National Commercial Bank Jamaica Limited (NCBJ) led profit for the finance house for the six months ended March 31, 2016, which totalled J$6 billion for all segments.

Overall, for the period ended March 31, 2016, net profit saw an increase of $594 million to the $6 billion mark or 11 per cent compared with the six months ended March 31, 2015.

For the last quarter, the three months ended March 31, 2016 net profit was $3.6 billion, an increase of 10.2 per cent, or $332 million.

Comments attached to the results state that the commercial banking activities, comprising the Retail & SME, Payments Services, Corporate Banking, and Treasury and Correspondent Banking segments, produced combined operating profits of $4.6 billion for the six months — an increase of 6.9 per cent, or $299 million, when compared to the prior year."





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