60 percent of BDB accounts delinquent

Mon, Oct 4th 2010, 08:00 PM

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com
Around 60 percent of accounts at the Bahamas Development Bank are outstanding, according to acting managing director Anthony Woodside, who attributed the situation to the financial challenges small businesses are faced with.
Woodside toldGuardian Businessthat since the majority of the financial institution's clients are small businesses, their inability to remain consistent in the current economic climate has affected their ability to keep up with bank payments.
"Our customers are not the regular customers like what the commercial banks have,"Woodside explained."Our customers are small businesspeople and even in the be ...

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