RJR News has been informed that another round of redundancies will be taking place at National Commercial Bank (NCB). The exercise is expected to take place this week, and according to information reaching RJR News, the cuts will be across the board.
NCB reduced its work force last September when it made more than 40 positions redundant, as part of a restructuring exercise.
The island's largest commercial bank made almost one billion dollars a month during the October to December quarter. NCB said net profit for the three months was $2.9 billion, representing a two per cent increase over the previous year.