CBR
search
Banking

NCB Financial Group's headquarters on Trafalgar Road in New Kingston, Jamaica (Photo: Denis Brown)

Rebranded NCB Merchant Bank secures stockbroker status in Trinidad and Tobago

NCB Financial Group's headquarters on Trafalgar Road in New Kingston, Jamaica (Photo: Denis Brown)

NCB Financial Group Limited (NCBFG) has advised that on June 8, 2021, NCB Merchant Bank (Trinidad and Tobago) Limited, its wealth management subsidiary domiciled in Trinidad and Tobago, gained membership to the Trinidad and Tobago Stock Exchange and, as a result, became one of seven stockbrokers in Trinidad and Tobago.

Great news! NCB Merchant Bank (Trinidad and Tobago) Limited is now a member of the Trinidad & Tobago Stock…

Posted by NCB Merchant Bank Trinidad and Tobago Limited on Wednesday, June 9, 2021

NCB Merchant Bank TT is effectively a 100 per cent owned subsidiary of NCB Financial Group Ltd and represents the group’s banking interest in Trinidad & Tobago and the southern and Dutch Caribbean. 

Formerly known as NCB Global Finance Limited (‘NCBGF’), the financial institution is licensed and regulated by the Central Bank of Trinidad & Tobago and the Trinidad & Tobago Securities and Exchange Commission respectively. 

With its licence, NCB Merchant Bank is authorised to carry loans and leases (includes vehicle & equipment financing and commercial mortgages), trade as a licensed foreign exchange dealer (one of twelve licensed FX dealers in Trinidad & Tobago), and offer insurance premium financing.

The company also has structured trade financing (includes invoice factoring), fixed deposits (in both TTD and USD), and is a member of the Deposit Insurance Corporation. It offers fixed deposits for terms of one to five years.

The company also offers investment banking and primary access to Government of Trinidad & Tobago short-term securities auctions (OMO). Investment banking includes but is not limited to arranging and underwriting stock and bond issuances (both sell and buy side) and funding of equity block trades.

It also offers bond trading; syndicated loans; project financing; structured finance, and receivables factoring and reverse factoring.