The ratings on National Commercial Bank Jamaica Ltd. (NCB) are underpinned by the bank's relevant market presence in the Jamaican banking system and the positive performance shown since the bank's privatization in 2002. NCB is one of the leading institutions in Jamaica, holding around a 38% market share in terms of assets. The bank benefits from strong brand-name recognition and, due to its relevance in the system, NCB has benefited from government support when needed. During 2002, the bank returned to private hands, which represented a positive step for NCB toward being run with a market-oriented approach. This change also benefited the banking system. The sale of NCB materialized as a positive step and has helped to improve the bank's
