The NCB Fi­nan­cial Group (NCBFG) de­clared af­ter-tax prof­it of J$30.5 bil­lion (US$190.3 mil­lion) for the nine months end­ed June 30, 2025, a 68 per cent in­crease com­pared to the J$18 bil­lion (US$113 mil­lion) the fi­nan­cial con­glom­er­ate de­clared for the same pe­ri­od last year.

In the fi­nan­cial re­port, which was re­leased in Ja­maica on Thurs­day night, NCBFG re­port­ed that net rev­enues from its bank­ing and in­vest­ment ac­tiv­i­ties of J$112.5 bil­lion in­creased by 22 per cent or J$20.1 bil­lion over the pri­or year, pri­mar­i­ly due to the gain from the sale of a sub­sidiary of J$15.1 bil­lion (US$94.5 mil­lion).

That gain came from the sale by Guardian Hold­ings Ltd (GHL) of its Nether­lands in­sur­ance bro­ker­age busi­ness, Thoma Ex­ploitatie in Jan­u­ary 2025. NCBFG is the par­ent com­pa­ny of GHL, own­ing about 62 per cent of the West­moor­ings-based in­sur­ance com­pa­ny.

NCBFG closed trad­ing on the Ja­maica Stock Ex­change yes­ter­day at J$30.69 (US$0.19). The stock, which is al­so list­ed on the Trinidad and To­ba­go Stock Ex­change, closed trad­ing here yes­ter­day at TT$1.82 (US$0.26).

Michael Lee-Chin, the Ja­maican-born in­vestor, is the chair­man of NCBFG and is a di­rec­tor on the board of GHL.