Search results for : Banks
Bahamas Development Bank Launches Partnership that Will Help Creatives Receive Financing
June 28, 2023
Bahamas Development Bank Launches Partnership that Will Help Creatives Receive Financing
Nicholas Higgs, Managing Director, Bahamas Development Bank (BDB), said one of the hardest sectors to finance or one of the most stubborn areas to finance in the country is the Orange (creative) Economy.
Domestic bank profitability up 52 percent
June 16, 2023
Domestic bank profitability up 52 percent
The profitability of local banks increased during the final quarter of 2022, expanding by more than 52 percent, The Central Bank of The Bahamas revealed.
Mastercard and The Caribbean Association of Banks Inc Sign a Memorandum of Understanding
June 13, 2023
Mastercard and The Caribbean Association of Banks Inc Sign a Memorandum of Understanding
Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.
June 09, 2023
US seeking reform of multilateral development banks, reveals VP
US Vice President Kamala Harris announced yesterday during a meeting with Caribbean Community (CARICOM) heads of government, that the United States will lead a diplomatic campaign to push for the reform of multilateral development banks, in order to improve low-cost financing to Caribbean countries.
May 08, 2023
Davis says he 'mis-spoke' on $400m draw down from UK EXIM Bank for GB airport
PRIME Minister Philip "Brave" Davis said the government would draw $200m from the $1bn the UK EXIM Bank has made available to develop the Grand Bahama International Airport — not $400m as he had previously said.
April 26, 2023
New Central Bank building cancelled as it would be 'a bad look'
ECONOMIC Affairs Minister Michael Halkitis said the Davis administration cancelled the new multi-million dollar Central Bank headquarters because building it would not look good following the COVID-19 pandemic — an explanation former Prime Minister Dr Hubert Minnis called "flimsy".
April 24, 2023
BCCEC Announces Power Breakfast featuring RF Bank & Trust
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) will kick off its firstPower Breakfast for the year on Thursday, April 27th, with representatives from RF Bank & Trust set to provide insights on the many ways to gain a competitive financial advantage.
Central Bank cancels project for new headquarters
April 14, 2023
Central Bank cancels project for new headquarters
The Central Bank of The Bahamas (CBOB) yesterday announced that it has begun the process of transferring ownership of property it acquired to build its new headquarters back to the government, as it seeks alternative means for its accommodation needs.
April 11, 2023
FirstCaribbean International Bank Ltd announces St Kitts sale will not go ahead
FirstCaribbean International Bank Limited has announced today that the sale of its assets of FirstCaribbean International Bank (Barbados) Limited in St. Kitts to St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB) will not now go ahead.
February 08, 2015
Central Bank: VAT could spike inflation, but low oil prices should help
The Central Bank of The Bahamas (CBOB) said the implementation of the value-added tax (VAT) could mean a spike in the inflation rate as a consequence of price hikes across a broad range of goods and services at the start of the year, but plunging oil prices should keep inflation down.
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