Jamaica-based universal bank National Commercial Bank Jamaica Ltd. has maintain its leading market position as the largest financial institution in the country in terms of total loans and total assets. Despite the recent acquisition-based expansion, our capital and earnings assessment of the bank remains at moderate levels, based on our projected risk-adjusted capital (RAC) ratio of around 5.2% for the next 24 months. We're affirming our long-term 'B' and short-term 'B' ratings on the bank. The stable outlook on NCBJ reflects our expectation that it will maintain its leading market position in the country. We also expect, its RAC ratio to be around 5.2% in the next two years, and that its asset quality and profitability metrics will remain stable.
