National Bank of Industry & Commerce Ltd.

What it is

In 1984, major foreign banks were nationalised: the Royal Bank of Canada’s Guyana branch became the National Bank of Industry and Commerce (NBIC), while Chase Manhattan became Republic Bank and Barclays became Guyana Bank for Trade and Industry (GBTI). The new entity was then converted into a public company when the Government sold approximately 50% of its stock to local private-sector interests.

In 2003, NBIC purchased the operations of the Guyana National Co-operative Bank (GNCB); then on 2 June 2006, National Bank of Industry and Commerce Ltd. was rebranded to Republic Bank (Guyana) Limited. The corporate shell bearing the old name — ticker NBI — has remained on GASCI’s secondary list ever since, without trading activity or filed financials.

Who owns it

On 13 October 1997, Republic Bank Limited of Trinidad and Tobago became the majority shareholder after purchasing 47.5% of shares from the Government and the National Insurance Scheme. Toward the end of 1997, Republic acquired a 51% shareholding in NBIC, described at the time as the largest commercial bank in Guyana.

The operating business that was NBIC is now fully consolidated within Republic Bank (Guyana) Limited, itself a subsidiary of Republic Bank Limited (Trinidad and Tobago). The NBI ticker on GASCI represents the legacy incorporated shell; no updated register of shareholders has been filed with the Guyana Securities Council since the rebranding.

Who runs it

Because the operating bank operates today as Republic Bank (Guyana) Limited, the named directors and management of the NBI shell entity are not disclosed in available GASCI or GSC filings. The last named managing director of NBIC in press records was Michael Archibald, who signed the GNCB acquisition documents in 2003; no successor has been named for the NBI shell.

The Republic Bank (Guyana) management team is disclosed in that company’s annual report, separately listed on GASCI under ticker RBL.

The money, in plain words

Not published: revenue, net profit, total assets, net margin, return on equity, and price-to-earnings ratio for the NBI shell entity are not available. The Guyana Securities Council’s annual-report disclosure page — checked directly — lists 17 reporting issuers for 2024 and 2025; NBI does not appear among them.

A reporting issuer is required under the Securities Industry Act (1998) to publish and file its annual report with the GSC within four months after the end of its fiscal year. NBI’s non-compliance with this requirement since at least 2006 means no audited figures exist in the public domain for the shell entity.

The last financial signal attached to the NBI ticker was a proposed final dividend of GYD $0.15 per share in September 2003 — more than two decades ago, when the bank was still an active lender. That is the last bulletin recorded for National Bank of Industry & Commerce Ltd. on GASCI.

What it is doing now

Nothing, operationally. On 5 June 2006, the official name of the Bank was rebranded to Republic Bank (Guyana) Limited.

The business, its staff, branches, customers and balance sheet moved to that successor name. Guyana has not listed a new company for over a decade, and NBI’s continued presence on GASCI’s secondary list reflects the exchange’s thin delisting framework rather than any live business activity.

The most recent material event associated with the underlying banking franchise — now Republic Bank (Guyana) — is that bank’s April 2026 declaration of a GYD $3.40 per share interim dividend for fiscal 2026, paid under the RBL ticker, not NBI.

What to watch

• Formal delisting or consolidation. The GSC or GASCI could formally remove NBI from the secondary list. Until that happens, the ticker persists as a historical artefact.
• GSC enforcement. Reporting issuers are legally required to file annual reports under the Securities Industry Act (1998). A regulatory push for compliance could force disclosure or trigger a formal winding-up of the shell.
• Republic Bank (Guyana) results. Anyone tracking the banking business that NBIC once was should follow RBL.GY — that is where the profits, the branches and the balance sheet actually live.
• Guyana’s oil-boom banking tailwinds. Private-sector credit in Guyana grew 19.8% in 2024, lifting all active banks. NBI does not participate in that growth; Republic Bank (Guyana) does.

This is news, not investment advice.