National Commercial Bank of Jamaica (NCB) became the first home-based listed company to report profit above $10 billion, announcing the big number Friday, even as some of its customers struggle to service their loans in the ongoing recession.
The bank will share $2.19 billion of earnings with shareholders, having declared dividend of 89 cents per share payable December 3. Roughly two-thirds of the payout will go to majority owner Michael Lee Chin's companies.
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