THE NATIONAL Commercial Bank (NCB) will be aggressively revamping its credit portfolio by hosting a 'Your Loan Week' across the 52 branch network from March 14-18.During the week, the bank will be showcasing its loan products and showing prospective borrowers that getting a loan from NCB is easier than they think.
Interestingly, this promotion comes in light of the fact that the bank made most of its profits in its last financial year through investments in securities as opposed to core banking functions such as lending.
However, apparently mandated to correct this imbalance, the managers of the bank are on a drive to promote a menu of loan options to suit the pockets of its clients.
LOAN PLAN SMORGASBORD.
According to information released by the bank, "Patrons typically assume that they would have trouble finding a loan, but through the innovation of the NCB group, the needs of every type of Jamaican are met through our loan plan smorgasbord.
"From payroll dependent loans, through motor vehicle and home equity loans, to even government and teachers loans, NCB aims to please its clients by offering every potential client a special suite of loan plans, tailored specifically to meet the needs of the Jamaican populace."
In fact, one of the philosophies of the bank's chairman, Michael Lee Chin is to "use other people's money" in order to create wealth.
Further advocating the bank's aim at increasing their lending business while helping their clients, head of retail banking, Courtney Campbell, has stated previously that "The most commonly known form of gearing is borrowing to invest in property, such as the family home. Gearing can also be used for many other investments including purchasing shares and managed funds."
