For small and medium enterprises (SMEs) seeking to take their businesses to the next level, developing a relationship with a financial institution is a critical enabler. It is necessary to view the relationship as a lifetime partnership which evolves based on the life stage of the business. While many SMEs are familiar with NCB’s traditional banking solutions (deposits and loans), the NCB Group, is comprised of several business lines and subsidiaries across Jamaica, Cayman and Trinidad and Tobago – and provides a complete suite of financial products and services to meet the spectrum of business needs.

Retail Banking and Payment Services – Many entrepreneurs will be most familiar with NCB’s retail banking and payment services offering. Since the launch of the NCB SME Unit in 2004, the bank has offered industry-leading products and services specially tailored to meet the needs of SME clients. Products and services of note include:

Branch based Business Bankers – offer personal and specialised support for SMEs

Integrated offerings – customers who use our point of sale machines for example, can benefit from our Merchant Advance loan facility, an unsecured loan facility (no collateral required) that SMEs can tap into based on their point of sale volumes. Additionally, our mortgage and auto loan customers can benefit from attractive insurance rates through our general insurance subsidiary

Low cost solutions – our business value plans and electronic banking solutions allow customers to minimise and eliminate bank fees

Cash back – our Keycard Biz and Keycard Biz Lite provide credit to enable businesses to earn cash back while managing their cash flows and purchases

E-commerce – businesses seeking to sell their products and services online can benefit from our robust and affordable online commerce platform

NCB Capital Markets (NCBCM) – is the wealth and asset management arm of the NCB Group. We provide investment and creative funding solutions for business clients. Whether you are seeking to invest your cash for greater returns, or seeking to identify funding alternatives (debt or equity) – NCBCM develops solutions that are aligned with each client’s needs, objectives, preferences and risk tolerance. Each solution is designed to help our clients build wealth and create value for themselves, their families and their businesses. The products and services we offer are backed by our award winning Research Team which has produced the winner of the annual Jamaica Stock Exchange Market Research competition, for four consecutive years. In recognition of its strong performance and value added investment solutions, NCB Capital Markets has been named Best Investment Management Company – Caribbean by World Finance Magazine for two consecutive years.

NCB Insurance (NCBIC) – Employers who seek to enhance their employee benefit packages by offering various retirement and insurance (life, disability, critical illness) solutions for their employees, can benefit from NCBIC’s Employee Care Life which offers peace of mind to employers whose objective is to protect their Employees against the risks of death, disability or terminal illnesses. Business owners can also access NCBIC’s SMART Retirement Plan – an approved retirement scheme which allows employers the opportunity to provide a retirement benefit for their employees without having to establish a Superannuation Fund, while enjoying tax deductible benefits. This plan also provides benefits for self-employed, small business owners, who can set up personal retirement plans allowing them to:

Save up to 20% of annual salary before tax

Receive tax free investment returns

Recieve a 25% tax free cash lump sum on retirement

Receive pension immediately in the event of disability.

NCBIC also offers pension administration and pension fund investment management services for Employer-Sponsored superannuation funds that are approved and registered by the Financial Services Commission (FSC) and Taxpayer Audit and Assessment Department (TAAD).

Advantage General Insurance Company (AGIC) – Known as the primary writer of motor insurance policies in the personal lines market in Jamaica, AGIC today has an enviable customer base of over 100,000 policyholders. With a commitment to consistently surpass the expectations of customers, this subsidiary offers a range of commercial policies to meet the needs of business customers. These include a vast array of products providing insurance for commercial vehicles, insurance protection against loss due to fire and natural disasters, coverage against burglary, contractor or employee damage to property or loss of money or goods in transit. The services offered provide peace of mind to entrepreneurs who are mindful of the potential impact on their business of unforeseen circumstances, and the need to recover quickly in such eventualities.

SMEs, whether you are early stage, or ready to take your business global, we encourage you to select the NCB Group as your financial partner of choice. Our breadth and depth of expertise, products and services, our continuous innovation to meet your needs, and the strength and longevity of our institution and our commitment to building the sector and, by extension, Jamaica – make us the right partner for taking your business to the next level and beyond.