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March 12, 2008 |
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NAT'L COMMERCIAL: To Launch Loans & Credit-Card Online Service The National Commercial Bank of Jamaica Limited will launch online loan and credit-card applications this year, The Jamaica Gleaner reports. According to The Gleaner, the National Commercial expects that about 10% of its clients will use the service and that it will lessen the time customers seeking credit currently spend in a branch to complete such transactions. The Gleaner notes that the online service will be limited to an application for credit. Customers will still have to go to the National Commercial to complete the process. "The online service will accommodate applications for personal loans and credit-card facilities. The system will primarily facilitate the completion of the credit-application form online at the customer's convenience. Internationally, the percentage of applications submitted via the Internet channel does not exceed 10%. As a result, our expectations for usage are in line with this trend," The National Commercial's Communications Assistant General Manager Sheree Martin commented to The Gleaner. Headquartered in Kingston, Jamaica, the National Commercial Bank Jamaica Limited -- http://www.jncb.com/ -- provides commercial and retail banking, wealth management services. The company's services include personal banking, business banking, mortgage loans, wealth management and insurance services. Founded in 1977, the bank primarily operates in West Indies and the UK. * * * As reported in the Troubled Company Reporter-Latin America on Dec. 18, 2006, Standard & Poor's Rating Services affirmed its 'B/B' counterparty credit and CD ratings on National Commercial Bank Jamaica Ltd. S&P said the outlook is stable. As reported in the Troubled Company Reporter-Latin America on May 2, 2007, Fitch Ratings affirmed these ratings on Jamaica- based National Commercial Bank Jamaica Limited: long-term foreign and local currency Issuer Default at 'B+'; short-term foreign and local currency rating at 'B'; individual at 'D'; and support at 4. The rating outlook on the bank's ratings is stable, in line with Fitch's view of the sovereign's creditworthiness. |
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