DEBT CONSOLIDATE FASTEST GROWING LOANS AT 14.3M

Wed, Nov 2nd 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The Bahamian consumer's continued weakness was again highlighted yesterday by the fact that debt consolidation loans, with a $14.3 million increase, were the fastest growing lending category in August, although overall banking trends indicated that month's bad loan increase was largely seasonal in nature.

The Central Bank of the Bahamas' report on monthly economic and financial developments for September disclosed a "mixed" picture for consumer lending the previous month, with 'miscellaneous' and education loans contracting by $17.8 million and $9.7 million respectively, compared to $5.5 million and $1.2 million increases t ...

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