National Bank of Dominica
Banking and other Financial services | |
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Total assets |
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Number of employees | 138 (2021) |
Subsidiaries | National Investment corporation |
Website | www |
The National Bank of Dominica Ltd. is a
History
The bank was created by Act No 27 of 1976 by the
In January 1982, the AID
In 1994, the bank invested in National Commercial Bank of Grenada, jointly, with two other Organization of Eastern Caribbean States (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 This decision meant that the NCB Act Chapter 74:02 was repealed and a new company, the National Bank of Dominica Ltd was incorporated to succeed the NCB.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
- ^ "National Bank of Dominica Ltd - Company Profile and News". Bloomberg.com. Retrieved 2023-06-28.
- ^ "ECPCGC Partners - National Bank of Dominica". ECPCGC. Retrieved 2023-06-28.
- ^ Admin (2022-12-19). "NBD receives ECCB Bank of the Year award for 2022". Dominica News Online. Retrieved 2023-06-28.
- ^ "National Bank of Dominica Ltd Sweeps 2022 ECCU Bank of the Year Awards | Eastern Caribbean Central Bank". www.eccb-centralbank.org. Retrieved 2023-06-28.