Search results for : Banks
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.
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.
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 ...
Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex
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 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...
RF Bank renews partnership with BGF and Juniors, pledging 25 thousand for 2024 golf events and talent development in Bahamas
RF Bank & Trust, formerly Royal Fidelity, has renewed its partnership with the Bahamas Golf Federation (BGF) and the Junior Division in support of their golf activities for the year 2024.
Central Bank announces further reforms to relax exchange control
NASSAU, BAHAMAS — The Central Bank has announced further reforms to relax Exchange Control Administration, aiming to enhance efficiencies for residents and work permit holders. The regulator revealed that these measures will take effect on April 1, 2024, except for those impacting the Investment Currency Market (ICM), which will be implemented on June 1st, 2024. [...]
Prime Minister Davis's Remarks at the Bank of Botswana
Bridging Waters, Uniting Dreams: A New Financial Era for Africa and the Caribbean
Central Bank issues alert over consumer loan scam
Central Bank issues alert over consumer loan scam
NASSAU, BAHAMAS — The Central Bank is cautioning the public to avoid falling victim to fake internet ads and social media posts offering loans and other financial services purportedly from the Central Bank of The Bahamas. The regulator, in a notice on the consumer loan alert scam, warned that links associated with these posts should [...]