Search results for : Banks

Showing 1 to 10 of 1000 results

News Article
September 29, 2023
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.

read more »


News Article
June 23, 2023
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 ...
The post Central Bank urges banks to develop plans to ...

read more »


News Article
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.

read more »


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 ...

read more »


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 ...

read more »


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...

read more »


News Article
March 21, 2024
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.

read more »


News Article
March 21, 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. [...]

read more »


News Article
March 20, 2024
Prime Minister Davis's Remarks at the Bank of Botswana

Bridging Waters, Uniting Dreams: A New Financial Era for Africa and the Caribbean

read more »


News Article
March 19, 2024
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 [...]

read more »