By NEIL HARTNELL

Tribune Business Editor

It may take two years to return the Bahamian commercial banking industry's $1.175 billion worth of non-performing loans "back to normal rates", a leading banker warned yesterday, telling Tribune Business that the sector was in "uncharted waters" and bank results were unlikely to improve until mid-2011.

Ross McDonald, Royal Bank of Canada's Bahamas-based head of banking for the Caribbean, told Tribune Business that because the current level of non-performing commercial bank loans - more than one in every 10 loans is past 90 days due - was a direct function of the economy and unemployment, improvement here was set to lag recovery ...

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