National Commercial Bank Jamaica Limited

A new era began for NCB on March 19, 2002, when AIC Limited, Canada's largest privately held mutual fund Company, acquired just over 75% of the shareholding in the bank from FINSAC. With this acquisition, NCB's ownership structure became clearly defined.

AIC Limited is the 11th largest mutual fund company in Canada, and in 2001 the company held more than J$445 billion under management for approximately 1 million Canadians. Michael Lee-Chin, a Jamaican-Canadian, is Chairman and Chief Executive Officer of AIC Limited and owns 90 percent of the company, with the remaining 10 percent being owned by staff. Mr. Lee-Chin's roots are deeply embedded in Jamaica, as his family operates the very successful supermarket chain, Super Plus.

NCB is now a strong and secure organization and its capital base is one of the largest in Jamaica. The new owners have committed the resources of AIC Limited towards the success of the organization

Specialties

personal banking, small and medium enterprise banking, corporate and institutional banking, government banking, financial management, wealth management, remittance services, credit cards