IPO Details

ncb financial group limited


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Description of Company

NCB Financial Group Limited is the financial holding company, currently for four direct subsidiaries: National Commercial Bank Jamaica Limited (NCBJ), NCB Global Holdings Limited (NCBGH) the majority shareholder for Guardian Holdings Limited (GHL), Clarien Group Limited (CGL) and TFOB (2021) Limited (TFOB). The Group is one of the largest banking and financial services group in Jamaica and also one of the largest financial conglomerates in the Caribbean measured by total assets. NCBFGs subsidiaries operate in the financial services industry, providing products and services in banking, insurance and investment management through 21 territories across the Caribbean. NCBFG's subsidiaries also provide individual consumers, small and mediumsized enterprises (SMEs), large corporations and government institutions with banking, wealth management, insurance and pension fund management products and services.


IPO Details

Short Name: NCBFG

Currency: JMD

Opening Date: 06 May 2024

Closing Date (On or before) : 27 May 2024

Lead Broker: NCB Capital Markets

Arranger: NCB Capital Markets

Co-Broker(s): Barita, Credit Union Fund Management Company Ltd, JN Fund Managers Limited, Mayberry Investments Limited, Scotia Investments Jamaica Limited

Industry: Finance


Share Pools

Description Maximum Shares Minimum Shares Share Increment Size Shares Available Unit Price
Employee Reserve Pool 785,000 100 10 785,000 $58.5
General Pool 77,715,000 100 10 77,715,000 $65




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