Special Advisory: NCB Financial Group Limited (NCBFG)

June 05, 2019


National Commercial Bank Jamaica Limited (NCB), a subsidiary of NCBFG, has advised that following the system upgrade on May 17, 2019, most of its business customers were unable to submit their salary files electronically in the usual manner. The Company accepted the files from these customers via different communication channels for processing, which led to significant delays as thousands of files were submitted.

NCB further advised that some files were submitted multiple times resulting in duplicate payments which are being reversed accordingly. Whilst the Company has processed all files submitted, some customers are still experiencing difficulties due to rejection of payments for various reasons including, in many cases, incorrect account numbers in files submitted.

For further details, please visit www.jamstockex.com



Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.