← News Fri Apr 4, 2014 - 10:19 am - 0 comments

NCB accesses US$16 million in trade financing from IFC

Michael-Lee-Chin

IFC, a member of the World Bank Group, announces that National Commercial Bank Jamaica Limited has joined its Global Trade Finance Program to expand its trade finance business in the Caribbean and better serve small and medium enterprises.

“NCB executed its first transaction under the Global Trade Finance Programme in February 2014, accessing
US$16 million in trade funding for its customers,” said Septimus Blake, NCB senior general manager.

“This facility will provide access to a global network of confirming banks, facilitate transactions where
trade lines are limited, and also provide access to advisory services and training.”

Published in the Jamaica Observer
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