Search results for : Banks
Central Bank shares Consumer Affairs concerns over "discriminatory" point of sale practices
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...
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 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, [...]
Central Bank projects the Bahamian economy to grow in the low two percent range in 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
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.
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
NASSAU, BAHAMAS — The Bahamas' fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price stability amidst global inflationary pressures. Central Bank Governor John Rolle highlighted this during his address at the Bahamas Business Outlook Conference at the Baha Mar resort yesterday. Rolle [...]
Man charged with armed robbery outside bank
Man charged with armed robbery outside bank
A MAN was imprisoned yesterday after he allegedly robbed a man at gunpoint outside a bank parking lot last November.
PHA: Levels At The Bank Are Critically Low
PHA: Levels At The Bank Are Critically Low
NASSAU, BAHAMAS - While the holiday season may be over, you can still give the gift of blood. The Public Hospital Authority recently issued an appeal for blood donations at the blood bank and laboratory at the Princess Margaret Hospital.
World Bank drops The Bahamas' economic growth projection to 1.8 percent for 2024
NASSAU, BAHAMAS — The World Bank is now projecting that the Bahamian economy will grow by 1.8 percent this year, a slight decline from its June 2023 projections. The World Bank, in its Global Economic Prospects report for Latin America and the Caribbean, noted that in 2023, Latin America and the Caribbean experienced a significant [...]
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]