Central Bank targets banks in Sand Dollar adoption strategy 

The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.

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Central Bank urges banks to develop plans to manage risk 

The Central Bank of The Bahamas (CBOB) yesterday released a framework for commercial banks to have in place enterprise risk management (ERM) moving forward, the CBOB said in a press statement. The CBOB said the release of the guidance notes means supervised financial institutions (SFIs) - commercial banks - will be required to submit their ...
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Clearing Banks Association: Banks will turn the corner by third quarter

Clearing Banks Association President Kenrick Brathwaite said he believes local banks will start to turn a corner by the third quarter of 2021, after significant losses in 2020 due to increased provisions for loan impairments and rising arrears.

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Central Bank admonishes banks involuntarily using govt assistance for loan payments

In the wake of public outcry, the Central Bank of The Bahamas (CBOB) stated on Monday that it does not endorse the involuntary redirection of unemployment benefits or other government-funded assistance payments toward loan payments at lending institutions. The CBOB stated it has become aware of recipients of the government's various COVID-19 relief and assistance ...

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Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex

The Central Bank of The Bahamas, in collaboration with the Clearing Banks Association (CBA), will host the first Get Money Smart Bahamas Financial Literacy Fair on Saturday, May 25, 2019 at Fusion Superplex, John F. Kennedy Drive and Gladstone Road. At the event, the hosts [...]
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Commonwealth Bank expands bank card product

Commonwealth Bank has entered the prepaid and gift card markets with the introduction of its MasterCard Prepaid Card and MasterCard Gift Card.
Touted as "convenience and gift giving mastered", the latest offerings in the bank's suite of bank card products are expected to appeal to a broad base of consumers seeking a smart alternative to cash and the traditional credit card, but with equal buying p...

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Corner Bank Swings Into Success With Inaugural Golf Invitational

Cornèr Bank recently hosted its first-ever Golf Invitational at the prestigious Ocean Club Golf Course on Paradise Island. The event brought together valued clients for a day of friendly competition, networking and enjoying breathtaking ocean views.

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World Bank: Economic Growth Stalls In Region

WASHINGTON - The World Bank reporting that although the Latin America and Caribbean region has achieved substantial economic stabilization in recent decades, growth has now stalled.

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Bahamas To Host African Import Export Bank Meeting

NASSAU, BAHAMAS – Prime Minister Philip Davis has signed an agreement with Afreximbank, chaired by His Excellency Professor Benedict, to host the African Import Export Bank's meeting in New Providence, Bahamas in June which is expected to attract over 3000 delegates to the country. The meeting is designed to promote trade and investment opportunities between [...]

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Central Bank?highlights lessons learned from COVID-19, Dorian

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