BOJ moves to calm jitters amid NCBFG management changes

The BOJ pointed to recent statements by its Financial Policy Committee that the financial system in Jamaica remains adequately capitalised and liquid. - File photo

The Bank of Jamaica (BOJ) is seeking to assure that member companies of the NCB Financial Group (NCBFG) are profitable, strong and safe amid the sudden management changes at the financial institution.

In a market filing with the Jamaica Stock Exchange Tuesday morning, NCB announced that President and Group Chief Executive Officer of the NCB Financial Group Patrick Hylton and his deputy Dennis Cohen have proceeded on three weeks' vacation, effective today.

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