Established in 1992, JN Cayman, formerly the National Building Society of Cayman (NBSC), operated under local management and control until 2002 when the Jamaica National Building Society (JNBS) assumed majority ownership. In 2015, NBSC was rebranded as JN Cayman.
In 2017, JNBS, the largest building society in Jamaica and the Caribbean, was restructured as The Jamaica National Group, and JN Bank, one of the three largest commercial banks in Jamaica, was launched.
JN Cayman is unique in its environment, as it is the only building society in the Cayman Islands. Its principal activities are granting home loans and deposit taking by way of regular savings accounts and Fixed Deposits. Mortgage loans and savings and deposit accounts are offered in US and CI dollars
National Building Society of Cayman
The National Building Society of Cayman (NBSC) was established under the revised Building Societies Law of the Cayman Islands on October 5, 1992.
The Jamaica National Building Society (JNBS) played an integral role in the establishment of the NBSC. Since its inception, Jamaica National has supported the NBSC with technical and operational assistance, while maintaining a small share ownership position.
In 2001, Jamaica National tendered an offer to purchase all the existing shareholding in NBSC. This offer resulted in a 93 percent ownership by JNBS in early 2002, making the organisation a subsidiary of JNBS.
Subsequently, in December 2010, the office of the National Building Society of Cayman was relocated to a new home in George Town, Grand Cayman.