Bank of the Bahamas International has hit back at an analyst's report expressing concern over its loan loss provisioning levels, especially those relating to its $100 million worth of overdrafts, arguing it fails to account for its asset composition.

Reacting to RoyalFidelity Capital Markets' assessment of the bank's performance for the quarter to end-September 2011, Paul McWeeney said the report failed to account for the fact that the majority of its loan portfolio - more than 80 per cent - consisted of residential mortgages and commercial/industrial loans.

The Bank of the Bahamas International managing director told Tribune Business th ...

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