This week, we at Bourse review the performance of First Citizens Bank Limited (FIRST) and the region’s second largest indigenous bank NCB Financial Group Limited (NCBFG) for the financial half year ended 31st March, 2021. FIRST’s earnings dipped on account of lower income and an increase in impairment expenses. Jamaica-headquartered NCBFG, meanwhile, reported an increase in Operating Income, offset by increased taxation. With both entities reporting a decline
in performance, will these conditions persist?