NCBJ Terminates Move to Sell NCB Cayman

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.

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.

It says NCB Cayman therefore remains wholly-owned by NCBJ and maintains its focus on providing enhanced services to its clientele.

CEO of NCBJ, Bruce Bowen says their focus remains on identifying and pursuing opportunities that align with the overarching objectives of the business.

In the meantime, he says NCB Cayman will continue to be a key component of our operations, playing an important role in delivering value to our clients and stakeholders.

NCB Cayman is a commercial bank domiciled in the Cayman Islands, which operates under a Class-A licence from the Cayman Islands Monetary Authority offering an array of investment banking, wealth and asset management to its customers.