Bahamian commercial banks collectively wrote-off $45 million in loans during the first four months of 2011, data published yesterday by the Central Bank of the Bahamas revealed, with industry loan loss provisions hitting $284.7 million. The Central Bank's monthly report on economic developments for April showed that the commercial banks increased loan loss provisions by $11.3 million during that month, increasing their ratio to total credit arrears and non-performing loans to 24.3 per cent and 42.1 per cent, respectively. The banking industry write-off a further $12.7 million in delinquent loans during April, bringing this total to $45 million. ...

 

By NEIL HARTNELL

Tribune Business Editor

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