Solid market position as the largest full-service commercial bank in Jamaica, with a strong business stability. Moderate capitalization levels resulting from recent acquisitions; Concentration in terms of geography and economic sector; Small size economy and highly volatile economic conditions that could affect bank´s asset quality. The stable outlook on NCBJ reflects our expectation that it will maintain its leading position as the largest financial institution in the country. We also expect its RAC ratio of around 5.2% average in the next two years, and that its asset quality metrics will remain stable with NPAs below 5% that are fully covered by reserves, and charge-offs of around 1% of total loans in the next 12 months. We don't expect significant changes
