Search results for : Banks
Gomez: More offshore banks laying off staff
March 08, 2011
Gomez: More offshore banks laying off staff
An increasing number of offshore banks are laying off staff, charged a local financial advisor, asserting The Bahamas will be in trouble if significant growth isn’t seen in the industry.
“More and more banks are downsizing,” said Jerome Gomez, CEO?of Global Corporation Management. “They don’t make the news because they are downsizing one here, five there.
“Thos...
March 04, 2024
Bahamas Development Bank Launches 50th Anniversary Celebrations
The Bahamas Development Bank (BDB) recently commenced its golden anniversary celebrations with special church services held at Freeport Bible Church and Golden Gates Native Baptist Church, in Grand Bahama and New Providence respectively. Both services marked the beginning of a year filled with commemorations of the bank’s 50 years of financial service and national development.
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
March 01, 2024
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
The Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) are excited to announce the signing of a groundbreaking contract aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.
January 28, 2022
Central Bank deputy inspector: $3.4 mil. in deferred loans still in banking system
At the end of 2021 there were still roughly $3.4 million in deferred loans in the banking system, according to a top official at The Central Bank of The Bahamas (CBOB). Deputy Inspector, Banking Supervision Karen Rolle said it's significantly less than the more than $400 million in deferred loans at the height of the ...
The post Central Bank deputy inspector: $3.4 mil. in deferred loans still in ...
February 28, 2024
BAIC and Bank of The Bahamas sign MOU to assist farmers
The Bahamas Agricultural and Industrial Corporation (BAIC) signed a Memorandum of Understanding with the Bank of the Bahamas (BOB) to provide loan facilities to assist farmers who wish to expand their businesses and acquire land. A signing ceremony was held at BAIC headquarters on Tuesday, 27th February 2024.
Central Bank shares Consumer Affairs concerns over "discriminatory" point of sale practices
February 16, 2024
Central Bank shares Consumer Affairs concerns over "discriminatory" point of sale practices
NASSAU, BAHAMAS — Central Bank Governor John Rolle yesterday underscored the regulator's alignment with the Ministry of Consumer Affairs' concerns regarding what he termed 'discriminatory' point of sale practices in exchange rates, signaling potential regulatory action. Governor Rolle, while speaking yesterday at the Global Interdependence Center Conference hosted by the Government and Publi...
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, [...]
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 [...]
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.
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