Sep 2026 Financial News

NCB Financial Group Limited - Notice of Reorganization of Its Offshore Banking Businesses

Sep 01, 2026

NCB FINANCIAL GROUP LIMITED COMPLETES REORGANISATION OF ITS OFFSHORE BANKING BUSINESSES

NCB Financial Group Limited (NCBFG) announces the completion of the sale of the shares in its wholly owned banking subsidiary, NCB (Cayman) Limited, to its Bermuda-based banking subsidiary, Clarien Bank Limited, following the receipt of requisite regulatory approvals. The proposed related sale of a defined portfolio of wealth and investment client relationships is also expected to be completed once all approvals and/or non-objections have been received.

This internal reorganisation aligns with the Group’s strategy to optimise capital, enhance operational efficiency, and consolidate its offshore wealth and investment management capabilities under the Clarien brand.

The intra-group transaction does not have a material impact on the earnings or asset base of NCBFG and is a key step in optimising the Group’s corporate structure to support sustainable growth and longterm performance. Clients will experience no disruption in service as a result of the reorganisation.


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 01 September 2026