National Commercial Bank Jamaica Limited, together with its subsidiaries, provides various banking and financial products and services primarily in Jamaica. It offers a range of deposits, including current accounts, club accounts, investment accounts, and savings accounts; automobile loans, mortgage loans, and secured and unsecured loans; personal and private banking services; pension services; equity, money market, bond, and mutual fund products, as well as corporate finance and portfolio management services for individual investors; insurance services; credit, debit, and stored value cards; money remittance services; and Internet, telephone, point of sale machine, and mobile banking servic...
32 Trafalgar Road
Founded in 1837
National Commercial Bank Jamaica Limited Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Month Ended June 30, 2014
Jul 24 14
National Commercial Bank Jamaica Limited announced unaudited consolidated financial results for the third quarter and nine month ended June 30, 2014. For the quarter, the company reported net interest income of $6,131,734,000 against $6,114,625,000 a year ago. Operating income was $11,099,182,000 against $10,305,349,000 a year ago. Operating profit was $3,657,503,000 against $3,334,278,000 a year ago. Profit before taxation was $3,863,489,000 against $3,637,347,000 a year ago. Net profit was $2,924,487,000 or $1.18 per diluted share against $2,992,032,000 or $1.22 per diluted share a year ago. Return on average total assets of 2.4%, down from 2.5%. Return on average stockholders' equity decreased to 15.2%, from 16.1%.
For the nine months, the company reported net interest income of $18,494,549,000 against $17,623,405,000 a year ago. Operating income was $31,874,706,000 against $28,034,272,000 a year ago. Operating profit was $10,121,065,000 against $7,886,032,000 a year ago. Profit before taxation was $11,145,139,000 against $8,510,780,000 a year ago. Net profit was $8,772,498,000 or $3.56 per diluted share against $6,803,510,000 or $2.76 per diluted share a year ago. Net cash provided by operating activities was $50,529,145,000 against $26,805,000 a year ago. Acquisition of property, plant and equipment was $1,638,590,000 against $534,394,000 a year ago. Acquisition of intangible asset - computer software was $730,849,000 against $501,102,000 a year ago. Return on average stockholders' equity of 15.6%, increased from 13.3%. Return on average total assets increased to 2.5%, from 2.2%.