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
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

November 01, 2012
Bahamas To Form Council With Dominican Republic

The Bahamas plans to form a business council with the Dominican Republic to bolster trade between the two nations.

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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

March 30, 2020
SBDC Rolls out the Government’s $20 Million COVID-19 Response

Deputy Prime Minister and Minister of Finance stated that last week the Small Business Development Centre (SBDC) rolled out the Government’s $20 million COVID-19 response, targeted to provide loans to small businesses, ranging from $5,000 to $300,000. Approved loans will have a payment grace period of four months...

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News Article

December 08, 2014
The never-ending bridge to the future

Surprise, surprise.
Perry Christie is prepared to lead the Progressive Liberal Party (PLP) into the 2017 general election.
In 1997, when he campaigned for the leadership of the PLP, Christie said he was the "bridge to the future".
Before the election of 2012, he told us in an interview at his home on Cable Beach that he would only serve half of the term as prime minister and then pass the baton to...

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