South East St Ann MP, Lisa Hanna, says she did not intend to mislead when she inaccurately told Parliament that in 2019, NCB Jamaica Limited made over $70 billion in net income and that the commercial and retail bank primarily generated the whopping sum via fees imposed on customers.
Checks by our news centre disclose that NCB Jamaica Limited’s net income for 2019 was approximately $13 billion, $60 billion fewer than Hanna had alleged in Parliament, on social media and in her newspaper column.
Writing on Twitter on Thursday, Hanna said during her article entitled “It’s Exploitation” published in the Jamaica Observer on July 25 last year and during a Parliamentary question on Tuesday this week, she referenced the Net Result from Banking and Investment Activities of NCB Group as that of the Net Income of NCB Jamaica.
The Opposition MP said for clarity what she ought to have said was that NCB Group’s net result from banking and investment activities was $76 billion of which 80 per cent was earned from Jamaica.
Miss Hanna said her intention was not to mislead but to highlight the excessive margin being made in that area of the banking group’s operations.
On Tuesday, Hanna had clashed with Finance Minister Dr. Nigel Clarke, when while reading from her mobile phone, she wrongly alleged that NCB Jamaica Limited’s net income in 2019 was recorded as being over $70 billion.
The Opposition MP used the allegation to criticize the Government for not doing enough about the issue of bank fees.
Minister Clarke had responded to Hanna and noted that while the issue of consumer protection is real and is receiving attention from the Government, Hanna had overstated the net income of NCB Jamaica Limited, the commercial and retail bank.
Prior to her climb down on Twitter on Thursday, Hanna had rejected Dr. Clarke’s correction and used the cover of Parliamentary privilege to accuse the senior Cabinet Minister of being misogynistic when Dr. Clarke enquired whether she had obtained the inaccurate information via WhatsApp.