Bank builds new business model

Wed, Dec 14th 2011, 10:43 AM

Sub-Deck:

* Private label credit cards in the works at Bank of Bahamas

* Mario's Bowling and three other locations targeted for off-site ABMs

* Looking to 'redesign liabilities', plus alter equity 'composition' in next 24 months

File Pic of Paul McWeeney

By NEIL HARTNELL

Tribune Business Editor

Bank of the Bahamas International yesterday said it was "building a new business model" focusing on high transaction volume areas, its managing director describing this as "best suited" to counter reduced earnings from lending activities.

Emphasising that the BISX-listed institution's development of electronic banking and credit card processing c ...

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