Clarien majority owner reports $58m profit

  • Earnings report: NCB Financial Group has announced first quarter results, showing a $58 million net profit. NCB, which has a 50.1 per cent stake in Clarien Group, is owned by Jamaican billionaire Michael Lee-Chinís Portland Holdings (File photograph)

    Earnings report: NCB Financial Group has announced first quarter results, showing a $58 million net profit. NCB, which has a 50.1 per cent stake in Clarien Group, is owned by Jamaican billionaire Michael Lee-Chinís Portland Holdings (File photograph)


Clarien Group majority owner NCB Financial Group Limited has reported a first quarter net profit of $58 million (7.4bn JMD) for the company and its subsidiaries for the three months that ended on December 31.

That is a 1 per cent decline on the prior year, which had included a gain related to the December 2017 acquisition of a 50.1 per cent equity stake in Clarien Group Limited, the parent company of Clarien Bank.

NCB Financial Group is the financial holding company of National Commercial Bank Jamaica Limited, and is owned by Jamaican billionaire Michael Lee-Chinís Portland Holdings.

You must be registered or signed-in to post comment or to vote.

Published Jan 28, 2019 at 2:09 pm (Updated Jan 28, 2019 at 2:09 pm)

Clarien majority owner reports $58m profit

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "Who are your favourites to win the Cricket World Cup?"
    • Australia
    • 11%
    • Bangladesh
    • 3%
    • England
    • 28%
    • India
    • 17%
    • New Zealand
    • 5%
    • Pakistan
    • 4%
    • South Africa
    • 4%
    • West Indies
    • 27%
    • Total Votes: 3942
    • Poll Archive

    Today's Obituaries

    eMoo Posts