Leading Caribbean full-service commercial bank with a strong market share and brand recognition Adequate financial performance Largest capital base among its peers High economic risks Operating in a country with a narrow economy and a large informal sector High concentration in Jamaica's sovereign bonds and loans to public sector Larger than peers' client and industry concentration Standard&Poor's Ratings Services' ratings on National Commercial Bank Jamaica Ltd. (NCB) are constrained by the sovereign rating on Jamaica (B-/Stable/C) due to the bank's high exposure to securities and loans with the government and public entities. NCB's high loan concentration, the slow pace of the country's economic recovery, soft domestic demand, and rising unemployment could put pressure on asset quality and the
