Search results for : Banks
February 05, 2024
Slow business account opening process prompts greater attention from Central Bank
NASSAU, BAHAMAS — The Central Bank says that it will seek streamlined customer due diligence for micro-and small businesses after a survey revealed that only one-third of business accounts were opened within two weeks or less, with 40 percent taking more than a month to be opened. The findings were revealed in a Central Bank [...]
February 05, 2024
Central Bank reports 20 percent expansion in digital wallet usage in 2023
NASSAU, BAHAMAS — As of December 2023, the number of digital wallets in use totaled 118,955, marking a 20 percent expansion for the year to date, with the circulation of SandDollars increasing just slightly over 60 percent to $1.7 million, according to the Central Bank. The regulator, in its latest update on the Sand Dollar, [...]
Central Bank projects the Bahamian economy to grow in the low two percent range in 2024
January 30, 2024
Central Bank projects the Bahamian economy to grow in the low two percent range in 2024
NASSAU, BAHAMAS — The Central Bank predicts The Bahamas' economic growth to be in the low two percent range, still moderately above the estimate of the economy's medium-term potential. On Monday, Central Bank Governor John Rolle stated that although the economy has a positive outlook for 2024, enabling more employment creation and continued reduction in [...]
Shootings Put Strain On PMH Blood Bank
January 27, 2024
Shootings Put Strain On PMH Blood Bank
NASSAU, BAHAMAS - Free National Movement Chairman Dr. Duane Sands says crime is critically impacting operations at the government-run hospital.
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
January 26, 2024
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
NASSAU, BAHAMAS — The Bahamas' fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price stability amidst global inflationary pressures. Central Bank Governor John Rolle highlighted this during his address at the Bahamas Business Outlook Conference at the Baha Mar resort yesterday. Rolle [...]
Man charged with armed robbery outside bank
January 19, 2024
Man charged with armed robbery outside bank
A MAN was imprisoned yesterday after he allegedly robbed a man at gunpoint outside a bank parking lot last November.
PHA: Levels At The Bank Are Critically Low
January 13, 2024
PHA: Levels At The Bank Are Critically Low
NASSAU, BAHAMAS - While the holiday season may be over, you can still give the gift of blood. The Public Hospital Authority recently issued an appeal for blood donations at the blood bank and laboratory at the Princess Margaret Hospital.
January 10, 2024
World Bank drops The Bahamas' economic growth projection to 1.8 percent for 2024
NASSAU, BAHAMAS — The World Bank is now projecting that the Bahamian economy will grow by 1.8 percent this year, a slight decline from its June 2023 projections. The World Bank, in its Global Economic Prospects report for Latin America and the Caribbean, noted that in 2023, Latin America and the Caribbean experienced a significant [...]
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
RBC Partners with ADO, Launches Second Community Garden in Rolleville, Exuma from leading bank’s $50,000 donation
December 19, 2023
RBC Partners with ADO, Launches Second Community Garden in Rolleville, Exuma from leading bank’s $50,000 donation
Declaring “growing our own food is essential to the economy, our way of life and our very survival,” Deputy Prime Minister and Minister of Tourism, Investments & Aviation Chester Cooper officially opened a half acre community farm in Rolleville, Exuma this week.
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