Search results for : Loans Commercial

Showing 1 to 10 of 196 results


News Article

January 09, 2018
RBC touts 100 mil. in commercial loans in 2017

Last year Royal Bank of Canada (RBC) saw an uptick in its business clients borrowing to expand their companies, the bank's Head of Business Banking for the Northern Caribbean Kevin Darling said recently, adding that RBC did $100 million in commercial loans. Darling said RBC [...]

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News Article

September 15, 2017
IMF: Commercial banks capitalized, still reluctant to lend

Commercial banks in The Bahamas are "reluctant" to lend, given The Bahamas' low growth environment, despite those banks being well capitalized, the International Monetary Fund (IMF) pointed out Wednesday.
In its "Staff Concluding Statement of the 2017 Article IV Mission", the IMF states that The Bahamas has struggled with a stagnant economy since 2012.
However, under these conditions, commercial b...

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News Article

December 28, 2016
Non-performing loans up 11.7 million in November

Non-performing loans increased by $11.7 million in November, according to The Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) November 2016 report that was published recently.
However, banks' credit quality indicators "continued to improve", as private sector arrears contracted by $18.5 million (1.7 percent) to slightly over $1 billion in November.
In additio...

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News Article

December 21, 2015
10,000-plus consumer loan applications in Q2, versus 337 commercial

The Central Bank of The Bahamas has reported that consumer loans were far and away the majority of loan applications in the second quarter of 2015.

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News Article
Simplified Lending Salutes Central Bank on Historic Digital Currency Move
November 02, 2020
Simplified Lending Salutes Central Bank on Historic Digital Currency Move

Simplified Lending salutes Central Bank for making digital currency history Progressive financial services provider Simplified Lending today lauded Central Bank of The Bahamas...

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News Article

July 30, 2014
Banker: Baha Mar 'no panacea'

The head of a local bank has argued that no improvement is likely to be seen for at least "a couple of years" in worsening loan delinquency levels as he predicts that the Baha Mar resort will not be the economic "panacea" it is hoped by many to be.
Anwer Sunderji, chief executive officer of BISX-listed Fidelity Bank (Bahamas), told Guardian Business that he "does not see anything happening" over t...

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News Article
Do You Know the Source
August 09, 2020
Do You Know the Source?

Criminals may be locked down, but are we as risk and compliance professionals ensuring they are also locked out of our financial systems...

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News Article
Nearly 2 billion in loans deferred
June 30, 2020
Nearly 2 billion in loans deferred

Just under $2 billion in loans held by Bahamian credit holders have been deferred as a part of the loan payment deferral schemes implemented by various commercial banks...

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News Article

May 31, 2013
An asleep government

Dear Editor,
As I reflect on a number of issues facing our beloved country and the response or lack thereof of our government, which came to power just one year ago supposedly "ready to govern on day one", I cannot help but recall the song "While She Lay Sleeping," which was written and sung by the contemporary country western singer Kenny Rogers.
The PLP is a party that while campaigning promis...

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News Article

May 23, 2017
Hand in hand to create a better tomorrow for China-Bahamas relations

Distance cannot separate true friends who feel so close even though they are thousands of miles apart. Although China and The Bahamas are separated by vast oceans, the long-lasting exchanges and profound friendship allow us to be neighbors across the Pacific Ocean. Dating back to 1870, some Chinese moved to Nassau and settled down, and their descendants have played an important role in the industr...

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