Search results for : banks
September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy
The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.
June 23, 2023
Central Bank urges banks to develop plans to manage risk
The Central Bank of The Bahamas (CBOB) yesterday released a framework for commercial banks to have in place enterprise risk management (ERM) moving forward, the CBOB said in a press statement. The CBOB said the release of the guidance notes means supervised financial institutions (SFIs) - commercial banks - will be required to submit their ...
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June 30, 2021
Clearing Banks Association: Banks will turn the corner by third quarter
Clearing Banks Association President Kenrick Brathwaite said he believes local banks will start to turn a corner by the third quarter of 2021, after significant losses in 2020 due to increased provisions for loan impairments and rising arrears.
August 19, 2020
Central Bank admonishes banks involuntarily using govt assistance for loan payments
In the wake of public outcry, the Central Bank of The Bahamas (CBOB) stated on Monday that it does not endorse the involuntary redirection of unemployment benefits or other government-funded assistance payments toward loan payments at lending institutions. The CBOB stated it has become aware of recipients of the government's various COVID-19 relief and assistance ...
Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex
May 20, 2019
Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex
The Central Bank of The Bahamas, in collaboration with the Clearing Banks Association (CBA), will host the first Get Money Smart Bahamas Financial Literacy Fair on Saturday, May 25, 2019 at Fusion Superplex, John F. Kennedy Drive and Gladstone Road. At the event, the hosts [...]
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Commonwealth Bank expands bank card product
May 29, 2012
Commonwealth Bank expands bank card product
Commonwealth Bank has entered the prepaid and gift card markets with the introduction of its MasterCard Prepaid Card and MasterCard Gift Card.
Touted as "convenience and gift giving mastered", the latest offerings in the bank's suite of bank card products are expected to appeal to a broad base of consumers seeking a smart alternative to cash and the traditional credit card, but with equal buying p...
May 01, 2024
RBC Royal Bank Appoints New Managing Director for The Bahamas and Turks & Caicos
NASSAU, BAHAMAS - RBC Royal Bank (Bahamas) Limited has announced the appointment of Ericka Rolle as Managing Director, The Bahamas and Turks and Caicos Islands (TCI).
April 30, 2024
Banks Will Be Able To Approve More Foreign Currency Transactions
NASSAU, BAHAMAS - New exchange control liberalization policies mean commercial banks will soon be able to approve a wider range of transactions involving foreign currency purchases made by members of the public.
April 30, 2024
Bank lending conditions showed improvement over the latter half of 2023
NASSAU, BAHAMAS — Banking lending conditions showed improvement over the latter half of 2023 according to the latest quarterly bank lending conditions survey results released by the Central Bank. The regulator noted: "The Central Bank's most recent survey of commercial banks showed that bank lending conditions continued to improve and the demand for credit increased [...]
April 29, 2024
Central Bank Governor: Recovery from Pandemic and Dorian Complete
NASSAU, BAHAMAS - During Monday morning's quarterly economic press briefing, Central Bank Governor John Rolle said he's cautiously optimistic.
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