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National Commercial Bank of Jamaica Ltd. (NCBJ) – Dividend Payment

The Directors have approved the payment of dividends on a quarterly basis and as a result an interim dividend payment of five cents per stock unit will be paid on August 26, 2002 to stockholders on register as at August 12, 2002.
Standard & Poor’s have announced that following the purchase by AIC of FINSAC’s shareholding in the Bank and the Monetization of Finsac bonds, which substantially improved the quality of the balance sheet, the bank’s local and foreign currency ratings have been upgraded from ‘B’ to ‘B+’ and its generic survivability assessment to ‘BB+’.