National Commercial Bank Jamaica (NCB) has announced the planned consolidation of two branches into a new financial centre to be developed over the next 18 months.
The customers of the Manor Park and Manor Centre branches will be relocated to the new NCB Constant Spring branch, to be constructed at 124-126 Constant Spring Road in Kingston.
The new location will also house subsidiaries NCB Capital Markets, NCB Insurance Company and Advantage General Insurance Company Limited.
The project will be launched today, NCB said last night.
Belinda Williams, manager of group corporate services, said Tuesday that cramped space in the original branches led to the creation of a new outlet which will offer both investment and banking services from one location instead of two.
Rival Scotiabank developed and commissioned a financial centre at Constant Spring Road back in 2009, which also houses a bank branch, and offices for its investment arm. The centre caters to high net worth clients.
NCB has not disclosed the investment to be made in the project.
"The transformation of the 51,417.17-square-foot lot will see the construction of an ultra-modern, environment-friendly building, as green technology will be utilised at the new branch," NCB said in an advisory.
It adds that clients will be able to access "diverse product and service offerings from one central locale" as subsidiaries of the group would all be housed under one roof.
Earlier this year, NCB announced the consolidation of two branches - Newport West and Red Hills Mall branch in Kingston. In September, the bank cut 43 jobs.