Search results for : Banks

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News Article
Clearing Banks Association: Banks will turn the corner by third quarter
June 30, 2021
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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News Article

August 19, 2020
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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News Article

May 20, 2019
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 [...]
The post Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex appeared first on ...

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News Article

May 29, 2012
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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News Article
Central bank: continued positive economic growth
July 01, 2019
Central bank: continued positive economic growth

The Central Bank of The Bahamas (CBOB) expects the Bahamian economy to continue to trend positively given the continued improvements in key tourism source markets like the United States, the central bank’s Monthly Economic and Financial Developments (MEFD) report for May reveals...

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News Article
Trading Platform Response Exceeds Expectation Cornèr Bank Unveils New Slate of Investment Services
April 05, 2019
Trading Platform Response "Exceeds Expectation" Cornèr Bank Unveils New Slate of Investment Services

Six months after it launched the first global trading platform for local residents, Cornèr Bank (Overseas) Ltd. unveiled a slate of expanded investment services this week, including its trading app “My Cornèr” for use in the Bahamas...

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News Article
Remarks by Senator Kwasi Thompson, Minister of State for Grand Bahama-For the Signing Ceremony the Inter-American Development Banks Loans...
April 08, 2019
Remarks by Senator Kwasi Thompson, Minister of State for Grand Bahama-For the Signing Ceremony the Inter-American Development Banks Loans...

Prime Minister the Most Honorable Dr. Hubert Minnis, Cabinet Colleagues, Senior Government Officials, Distinguished Guests, Ladies and Gentlemen...

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News Article

February 05, 2018
Tourism boost this year, notes Central Bank

The Bahamas is expecting a boost in tourism this year on account of several factors, one of which is Bahamas Junkanoo Carnival, according to The Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) report for December 2017. The MEFD explained that [...]

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News Article

February 05, 2018
Western Union launches direct-to-bank service

Western Union has rolled out a new service that will allow its customers in The Bahamas to send money from Western Union locations directly into accounts at commercial banks in 50 countries across the world. Western Union Global Money Transfer Head for the Caribbean Region [...]

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News Article
Thompson: Bank review shows FNM's positive economic impact
September 29, 2021
Thompson: Bank review shows FNM's positive economic impact

FORMER State Minister for Finance Kwasi Thompson said the recent quarterly review by the Central Bank of The Bahamas proves the economic policies implemented by the Minnis administration were having a positive impact on the Bahamian economy.

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