Search results for : Banks
October 27, 2023
Man accused of $25k bank fraud and money laundering granted $8,000 bail
A 20-year-old man was granted $8,000 bail after being accused of defrauding a bank of over $25,000 this year.
October 20, 2023
Bahamas Development Bank Awards $56,000 in Development Grants
Entrepreneurs spanning several sectors were recently awarded a 50th Independence Development Grant from The Bahamas Development Bank (BDB). The 28 Bahamian awardees received $2,000 each for the purchase of equipment, working capital, or training needed to scale up their businesses.
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
October 17, 2023
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
NASSAU BAHAMAS — The Liwathon Group, a global leader in the energy sector, has announced that it has secured approval from the US Export-Import Bank of the United States (EXIM) for a loan guarantee exceeding $71.3 million, which will support the upcoming relaunch of the South Riding Point energy terminal on Grand Bahama. Commenting on [...]
October 13, 2023
Central Bank to engage with commercial banks to boost Sand Dollar adoption
NASSAU, BAHAMAS- The Central Bank plans to collaborate with local commercial banks as part of its 2024 engagement strategy and leverage their existing customer base to boost the adoption of the Sand Dollar in the country executives said yesterday. They also noted that in the past several, there have been discussions with the government on [...]
October 10, 2023
A director of Bank of the Bahamas, Mitzi Turnquest, dies
MITZIE Turnquest, a director of the Bank of The Bahamas, died on Saturday after several days of treatment in hospital.
Bank of The Bahamas Director taken to hospital
October 05, 2023
Bank of The Bahamas Director taken to hospital
The family of Mitzi Turnquest asked for prayers last night as the Bank of The Bahamas director was rushed to hospital.
Central Bank: Tourism arrivals up 46.9%
October 04, 2023
Central Bank: Tourism arrivals up 46.9%
Total visitor arrivals year-to-date have increased by 46.9 percent compared to 2022 numbers, with sea arrivals dominating visitor numbers, according to the Central Bank of The Bahamas' (CBOB) latest Monthly Economic and Financial Developments (MEFD) for August 2023. In August, the Bahamian economy continued on its growth momentum as "the recovery from the COVID-19 pandemic neared ...
The post Cent...
October 05, 2023
RF Bank and Trust VP: Inflation will be with us for a while longer
Inflation is likely to be with The Bahamas for a while, given that interest rate hikes in the US to stem inflation will lead to higher costs being passed down, RF Bank and Trust Vice President of Investment Banking Jim Wilson said yesterday. Speaking to media on the sidelines of RF's Brunch and Learn series for World ...
The post RF Bank and Trust VP: Inflation will be with us for a whil...
Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
October 04, 2023
Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
NASSAU, BAHAMAS — The Central Bank is projecting that the Bahamian economy will sustain its growth momentum throughout 2023, largely bolstered by substantial increases in tourism output. Nevertheless, it is foreseen that the expansion rate will decelerate as various indicators gradually revert to their pre-pandemic levels. The Central Bank's projections were outlined in its August [......
October 03, 2023
PM calls on multilateral banks to do more for developing countries
Prime Minister Philip Davis yesterday called on multilateral development banks, especially the World Bank, to improve policies that will increase funding to developing countries facing climate-related crises.
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