Search results for : bahamas bank
December 01, 2017
CIBC FirsCaribbean IS THE BANKER MAGAZINE's, BAHAMAS' 'BANK OF THE YEAR'
Business efficiency and innovation are two of the attributes that helped CIBC FirstCaribbean International Bank secure a second consecutive ?Bank of the Year? prize in the 18th annual ?Bank of the Year? Awards programme...
IMF: Bahamas bank fees rise up to 186
October 02, 2017
IMF: Bahamas bank fees rise up to 186
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties...
CIBC FirstCaribbean Wins Bahamas Bank of the Year
December 12, 2016
CIBC FirstCaribbean Wins Bahamas Bank of the Year
The Bahamas? operations of CIBC FirstCaribbean International Bank has captured the prestigious 2016 Bank of the Year Country Award in The Banker Magazine?s 17th Annual Bracken Awards Programme. This is the bank?s fifth time winning the title for The Bahamas having been awarded...
June 14, 2016
Cascarilla Forced to Return Fire While Patrolling Great Bahama Bank
The crew of Her Majesty?s Bahamian Ship (HMBS) Cascarilla was forced to return fire at a fishing vessel registered in the Dominican Republic at 8:00 p.m. Monday, June 13, 2016 after being fired upon (engaged) first by the crew of that vessel.
October 03, 2010
Bahamas bank: No record of disputed 14m trust account
By NEIL HARTNELL
Tribune Business Editor
A Bahamian private bank has moved to dismiss a lawsuit filed against it in the US, arguing that it has no record of the alleged $14 million account at the centre of the dispute.
In their motion to dismiss an action brought against them in the Columbia District Court by a US citizen, Tonya Day, Corner Bank (Overseas) and its manager, Colyn Roberts, said a...
Bahamas bank sued in relation to Madoff fraud
May 20, 2010
Bahamas bank sued in relation to Madoff fraud
A Bahamas-based bank and trust company has been sued over losses sustained from alleged investments in Bahamian-domiciled investment funds, which invested the bulk of their assets with $50 billion fraudster Bernard Madoff.
Bahamas banks face 4m Madoff lawsuits
April 12, 2011
Bahamas banks face 4m Madoff lawsuits
By NEIL HARTNELL
Tribune Business Editor
Three Bahamas-based financial institutions have been sued for the return of more than $4 million in redemptions that were generated through Bernard Madoff's multi-billion Ponzi scheme, on the grounds that these payments represented an "unjust enrichment" because they were based on fraudulent Net Asset Value (NAV) calculations.
Documents obtained by Tribune ...
Scotiabank Bahamas Named Bank of the Year 2019
November 29, 2019
Scotiabank Bahamas Named Bank of the Year 2019
Scotiabank has been named The Bahamas’ Bank of the Year 2019 by The Banker Magazine, a Financial Times publication.
December 03, 2018
CIBC FirstCaribbean WINS 'BANK OF THE YEAR' (Bahamas) Three Years Running
CIBC FirstCaribbean is The Bahamas’ “Bank of the Year 2018” for the third straight year. The honour was bestowed by internationally-acclaimed financial magazine “The Banker” during its 19th annual Bracken...
Bank of The Bahamas Announces Saturday Banking
October 06, 2010
Bank of The Bahamas Announces Saturday Banking
Nassau, Bahamas - Bank of The Bahamas (BOB)
announced that starting October 9, 2010, it will introduce full-service
Saturday banking hours at its Village and Harrold Road locations between the
hours of 9:30 am and 1 pm.
"We decided to open on
Saturdays to make banking more convenient for and accessible to our
customers," said Ian Thompson, Business Manager, Retail Credit. "We
understand the busy ...
March 25, 2013
Bank of The Bahamas title sponsor for Primary School Student of The Year
Nassau, Bahamas - Bank of The Bahamas has signed on as the
title sponsor for the prestigious Primary School Student of The Year
Awards Programme. This premier national recognition programme honors and
rewards high performing primary school students from more than 120
schools around the country. BOB's five thousand dollar sponsorship will
provide a scholarship for the most exceptional student ...
March 25, 2013
Bank of The Bahamas is title sponsor for Primary School Student of The Year
Nassau, Bahamas - Bank of The Bahamas has signed on as the
title sponsor for the prestigious Primary School Student of The Year
Awards Programme. This premier national recognition programme honors and
rewards high performing primary school students from more than 120
schools around the country. BOB's five thousand dollar sponsorship will
provide a scholarship for the most exceptional student ...
January 06, 2010
Bank of The Bahamas Reports Strong 1st Quarter, Nearly 30% Growth Over Last Year
Bank of The Bahamas International today released first quarter results showing a net profit of $3.6 million for the three months ending September 30, 2009, representing 29% growth over the same period last year.
April 26, 2024
The Bahamas Endorses Agreements to Join the Development Bank of Latin America and the Caribbean (CAF) to Boost Development
The Honorable Michael Halkitis, Minister of Economic Affairs of The Bahamas, on April 17, 2024, signed two agreements with the Development Bank of Latin America (CAF) to move forward The Bahamas’ full membership in the organization. The signing of the Immunities Exceptions and Privileges Agreement and Share Subscription Agreement are the penultimate steps to membership before the Government form...
Bahamas To Host African Import Export Bank Meeting
April 11, 2024
Bahamas To Host African Import Export Bank Meeting
NASSAU, BAHAMAS – Prime Minister Philip Davis has signed an agreement with Afreximbank, chaired by His Excellency Professor Benedict, to host the African Import Export Bank's meeting in New Providence, Bahamas in June which is expected to attract over 3000 delegates to the country. The meeting is designed to promote trade and investment opportunities between [...]
March 21, 2024
RF Bank renews partnership with BGF and Juniors, pledging 25 thousand for 2024 golf events and talent development in Bahamas
RF Bank & Trust, formerly Royal Fidelity, has renewed its partnership with the Bahamas Golf Federation (BGF) and the Junior Division in support of their golf activities for the year 2024.
March 06, 2024
Bahamas Development Bank Launches 50th Anniversary Celebrations
The Bahamas Development Bank (BDB) recently commenced its golden anniversary celebrations with special church services held at Freeport Bible Church and Golden Gates Native Baptist Church, in Grand Bahama and New Providence respectively. Both services marked the beginning of a year filled with commemorations of the bank’s 50 years of financial service and national development.
March 04, 2024
Bahamas Development Bank Launches 50th Anniversary Celebrations
The Bahamas Development Bank (BDB) recently commenced its golden anniversary celebrations with special church services held at Freeport Bible Church and Golden Gates Native Baptist Church, in Grand Bahama and New Providence respectively. Both services marked the beginning of a year filled with commemorations of the bank’s 50 years of financial service and national development.
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
March 01, 2024
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
The Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) are excited to announce the signing of a groundbreaking contract aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.
February 28, 2024
BAIC and Bank of The Bahamas sign MOU to assist farmers
The Bahamas Agricultural and Industrial Corporation (BAIC) signed a Memorandum of Understanding with the Bank of the Bahamas (BOB) to provide loan facilities to assist farmers who wish to expand their businesses and acquire land. A signing ceremony was held at BAIC headquarters on Tuesday, 27th February 2024.
January 10, 2024
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 [...]
November 30, 2023
Cornèr Bank Supports Art Scholars at University of The Bahamas with $20K Gift
NASSAU, BAHAMAS - In a gift that will directly contribute to increasing the capacity of promising art scholars, Cornèr Bank (Overseas) Limited has made a $20,000 gift to University of The Bahamas to support eligible undergraduate Bahamian students.
November 17, 2023
Bahamas Development Bank Welcomes Senior High School Students
In recognition of International Men’s Day, four promising students from The Bahamas Development Bank’s (BDB) neighborhood school, R. M. Bailey Senior High School, participated in a unique job shadow experience this week. BDB was excited to open its doors to aspiring software engineers, real estate agents, entrepreneurs, and accountants.
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
November 15, 2023
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
RBC Royal Bank (Bahamas) Limited has made a $20,000.00 gift to the University of The Bahamas’ School of Nursing and Allied Health Professions in a tangible demonstration of its commitment to academic excellence and the resilience of the health care sector.
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
November 14, 2023
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
RBC Royal Bank (Bahamas) Limited has made a $20,000.00 gift to the University of The Bahamas’ School of Nursing and Allied Health Professions in a tangible demonstration of its commitment to academic excellence and the resilience of the health care sector.
Officials made the gift on Friday 10th November, UB’s seventh charter anniversary. This month also marks a significant milestone for RBC...
November 15, 2023
Bank of The Bahamas records $4.1 million net income in Q1 of its new fiscal year
NASSAU, BAHAMAS — The Bank of The Bahamas saw a $4.1 million net income for the first quarter of its new fiscal year, a $1.6 million increase over the previous year. Neil Strachan, the bank's Managing Director commenting on BOB's performance for the period ending September 30th noted that the bank had recorded a net income [...]
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.
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.
October 02, 2023
African EXIM Bank capitalizes Bahamas Development Bank to the tune of $30M
By the end of November, the Bahamas Development Bank (BDB) will be in a position to begin issuing money to businesses it has held in its funding pipeline thanks to a $30 million capitalization for the bank from the African Export-Import Bank, BDB Chairman Senator Quinton Lightbourne said Friday.
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