National Bank of Dominica

National Bank of Dominica
This article refers to the National Bank of the Commonwealth of Dominica and not the Dominican Republic.
National Bank of Dominica
Type private company
Industry Bank
Founded Roseau, Dominica, - 1976
Headquarters 64 Hillsborough Street, Roseau, Dominica
Key people Michael Bird - Managing Director
Patrick Pemberton - Chairman of the Board
Products Financial services
Revenue 47.7m XCD (2008) [1]
Employees 131
Website http://www.nbdominica.com/

The National Commercial Bank of Dominica was created by Act No 27 of 1976 by the Parliament of Dominica (under the name National Commercial and Development Bank of Dominica) The bank officially opened for business on March 15, 1978 with the Agricultural Industrial and Development Bank (AID) bank as a wholly owned subsidiary. In January 1982, the AID Bank was made a separate and independent entity. In 1994, the bank invested in NCB Grenada, jointly, with two other OECS indigenous banks to own 12.5% of that bank. An investment in the Caribbean Credit Card Corporation for the issuance and processing of local and international credit cards was also made. Additionally, the Bank acquired shares in the newly privatized Liat (1974) Ltd and East Caribbean Home Mortgage Bank.

By letter dated October 10, 2003, National Commercial Bank of Dominica was advised by the Government of Dominica of its decision to divest itself of its majority holding in the National Commercial Bank (NCB).This was part of Government of Dominica's strategy to privatize NCB. This decision meant that the NCB Act Chapter 74:02 was repealed and a new company, the National Bank of Dominica Ltd was incorporated to succeed the NCB.


References

  1. ^ "Annual Report (2008)". National Bank of Dominica. http://www.nbdominica.com/profile/pdf/nbd_ar_08.pdf. Retrieved 2009-03-12. 

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Dominica State College — Established 1980 2002 President Dr. Donald C. Peters Students Approx. 1400 …   Wikipedia

  • Dominica — /dom euh nee keuh, deuh min i keuh/, n. 1. one of the Windward Islands, in the E West Indies. 2. an independent republic comprising this island: a former British colony; gained independence 1978. 83,226; 290 sq. mi. (751 sq. km). Cap.: Roseau. 3 …   Universalium

  • Outline of Dominica — T …   Wikipedia

  • Dominica — Not to be confused with the Dominican Republic. Commonwealth of Dominica Commonwealth de la Dominique …   Wikipedia

  • Dominica — <p></p> <p></p> Introduction ::Dominica <p></p> Background: <p></p> Dominica was the last of the Caribbean islands to be colonized by Europeans due chiefly to the fierce resistance of the native… …   The World Factbook

  • National Day — Independence or Death, famous painting from Pedro Américo that celebrates the Independence Day of Brazil. The National Day is a designated date on which celebrations mark the nationhood of a nation or non sovereign country. This nationhood can be …   Wikipedia

  • National symbols of Canada — Culture of Canada This article is part of a series History Canadians Canadian identity …   Wikipedia

  • Offshore bank — Banking A series on Financial services …   Wikipedia

  • Royal Bank of Canada — Infobox Company name = Royal Bank of Canada Banque Royale du Canada type = Public (tsx|RY, nyse|RY) foundation = , 1864 location = Montreal, Quebec Toronto, Ontario, Canada key people = Gordon Nixon President CEO industry = Financial services… …   Wikipedia

  • List of people of Dominica — This is a list of notable people from the Commonwealth of Dominica.Norbert Philips, CricketerPoliticiansPresidents*Sir Clarence Seignoret *Sir Crispin Sorhaindo *Vernon Shaw *Nicholas Liverpool (current President)Prime Ministers*Patrick John… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”