NCB Financial Group reports exceptional $139-million profit surge
NCB Financial Group's profit after tax skyrocketed by 179 percent, reaching $139 million, propelled by strategic shifts and the adoption of IFRS 17.
Michael Lee-Chin
NCB Financial targets $50-billion profits with ambitious cost-cutting plan
NCB Financial Group, led by Michael Lee-Chin, plans to double its profits to $50 billion, focusing on cost reduction and enhancing workforce skills to compete globally.
NCB Financial Group achieves record turnaround with bold profit and efficiency goals
NCB Financial Group posts remarkable financial gains under Michael Lee-Chin’s leadership, targeting sustained growth and higher shareholder returns.
Jamaican billionaire Michael Lee-Chin boosts luxury real estate development with financing support
Jamaican-Canadian billionaire Michael Lee-Chin steps in to fund Reading Heights, a luxury residential project poised to meet Jamaica’s premium housing demand.
Black billionaire Michael Lee-Chin backs Canada’s nuclear industry
In a recent interview with BNN Bloomberg, Lee-Chin, highlighted the historical correlation between energy source transitions and economic power shifts.
Billionaire Michael Lee-Chin sells $9.8-million stake from Jamaica’s biggest lender
The sale comes amid NCBFG’s plans for an additional public offering (APO) aimed at issuing between 300–450 million new shares to raise over $20 billion.
Billionaire Michael Lee-Chin’s firm snags $100 million for Caribbean business boost
Lee-Chin’s vision for Portland Caribbean Fund III sets a transformative course for sustainable growth in the Caribbean.
Michael Lee-Chin: Guiding NCB to new heights as top shareholder and chairman
Lee-Chin’s strategic sale of NCB shares worth over $1.54 billion, while maintaining his pivotal role as the majority shareholder.
Billionaire Michael Lee-Chin’s NCB set to raise $180 million from investors
NCB is majority-owned by Jamaican-Canadian billionaire Michael Lee-Chin, a top figure among the world’s Black billionaires.
Jamaica’s richest man awarded $43 million in dispute with Dominican Republic
Jamaica’s richest man Michael Lee-Chin, who is worth $1.3 billion, according to Forbes, made a fortune investing in financial companies.
Billionaire Michael Lee-Chin-linked fund faces stunning $7-million loss
Lee-Chin is the founder of Portland Private Equity, the private equity fund company in charge of Portland JSX Limited.
Black billionaire Michael Lee-Chin faces $100-million loss this year
According to Forbes, Lee-Chin’s net worth now stands at $1.4 billion, compared to $1.5 billion at the start of the year.
Michael Lee-Chin, one of the world’s Black billionaires, sells megayacht for $362 million
Lee-Chin has also put his luxurious mansion, Coconut Walk Private Estate, up for sale for $35 million.