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BOB supports 8th annual Tour of The Bahamas
BOB supports 8th annual Tour of The Bahamas
VOLUNTEERS: More than 20 volunteers from the Bank of The Bahamas, including managing director Paul McWeeney (far right) and deputy managing director Vaughn Delaney (far left) turned out to lend support in the 8th Annual Tour of The Bahamas at Clifton Heritage National Park last weekend. Some of the BOB volunteers are pictured with the Bahamas Junior Cycling team. Reigning Caribbean champion Bahami...
BAIC & BOB Working Together to Help Farmers
BAIC & BOB Working Together to Help Farmers
NASSAU, BAHAMAS - The fruit of their partnership will be seen in one of their first shared projects - symposium happening this March.
Live at the Bob Marley: One Love Movie Premiere
Live at the Bob Marley: One Love Movie Premiere
NASSAU, BAHAMAS - This week, we delve into the life of reggae superstar Bob Marley with our Denielle Miller, who is live at Fusion Superplex for the premiere.
The Bob Marley Series: A Controversial Concert
The Bob Marley Series: A Controversial Concert
NASSAU, BAHAMAS - 1979 was classified by the UNESCO as International Year of The Child. This was also the year, the Bob Marley came to The Bahamas.
Bob Marley: One Love
Bob Marley: One Love
NASSAU, BAHAMAS - As the Bob Marley tribute gets set to premiere in The Bahamas, our Denielle Miller talks about her own series and rediscovering the reggae legend.
ArawakX hits out at regulator's top exec over "ill advised" conversations with BOB
NASSAU, BAHAMAS — ArawakX has strongly criticized the Securities Commission's top executive for what it has deemed an "ill-advised and prejudicial conversation" with the Bank of the Bahamas (BOB) regarding their alleged negotiations on a settlement with the BISX-listed lender, asserting that it had submitted a settlement proposal at the bank's request. In an affidavit [...]
BOB EVOLVE is JA Company of the Year
BOB EVOLVE is JA Company of the Year
Bank of The Bahamas Limited's (BOB) JA EVOLVE (Embarking on Visionary Opportunities while Living Valuable Experiences) is the Junior Achievement (JA) Company of the Year 2022-2023. BOB EVOLVE earned recognition for their achievements which included first places for product of the year for MuddaSick, their Bahamian Uno-inspired card game which features popular Bahamian comedians and ...
The post BO...
BoB added as new SandDollar AFI
BoB added as new SandDollar AFI
As it seeks to expand the adoption of its digital currency SandDollar, Central Bank of The Bahamas (CBOB) revealed last week that Bank of The Bahamas (BOB) is the newest authorized financial institution approved as an authorized financial institution (AFI). In a public update on the digital currency, CBOB also revealed that it has completed ...
The post BoB added as new SandDollar AFI appeared fir...
BOB reports 68.87 percent growth in net income
BOB reports 68.87 percent growth in net income
Bank of The Bahamas (BoB) experienced 68.87 percent growth in net income for a total of $9.8 million for the nine months ending March 31.
BOB reports Q2 net income of $4.8 million
BOB reports Q2 net income of $4.8 million
Bank of The Bahamas (BOB) continues on a path to sustainable profitability, after results form the bank's second quarter, which ended December 31, 2022, revealed a net income of $4.8 million, compared to $4.4 million during the same period the year before, BOB's Managing Director Kenrick Brathwaite said in his remarks that accompanied the bank ...
The post BOB reports Q2 net income of $4.8 million...
BOB's Q2 net income just under $5 million
BOB's Q2 net income just under $5 million
NASSAU, BAHAMAS — The Bank of The Bahamas reported a net income of just under $5 million for its 2023 second quarter, with its managing director noting that sustainable growth continues to be the primary focus for the BISX-listed lender. BOB reported a net income of $4.8 million at the end of the second quarter [...]
'Lots of muscle' required for $142m toxic BOB pile
'Lots of muscle' required for $142m toxic BOB pile
The Bank of The Bahamas bail-out vehicle must now employ "lots of muscle" to recover its remaining "toxic" loan collateral valued at $142m, its chairman revealed yesterday.
BOB doubles Village Rd branch
BOB doubles Village Rd branch
Major renovations to the flagship Bank of The Bahamas (BOB) are well underway and will double the institution's current size, providing much-needed space for the busy branch. Rene Davis, the senior manager of operations, said construction is expected to last until October.
Donna Harding-Lee becomes first woman to head BOB board of directors
Bank of The Bahamas Limited is once again breaking barriers with the first-time appointment of a woman to head its board of directors. Effective March 18, 2022, Donna Harding-Lee, attorney-at-law became chairperson of the bank's new board of directors, with approval of The Central Bank of The Bahamas. A senior attorney, Harding-Lee was called to ...
The post Donna Harding-Lee becomes first woman t...
BOB reports overall net income of 6.4 mil. despite pandemic
Bank of The Bahamas (BOB) ended its financial year with a five percent decrease in operating income, due primarily to a loss in net interest income resulting from deferred loan fees associated with COVID-related consumer loan campaigns.
Source: BOB's $70M market value loss a 'disaster'
Source: BOB's $70M market value loss a 'disaster'
It appears the government has lost $69.7 million in total market value in its shareholding in Bank of The Bahamas (BOB) over the last two weeks.
The Bob Marley 18th Annual 9 Mile Music Festival, March 12th
Miami, FL - Bob Marley Movement Presents: The
18th Annual 9 Mile Music Festival on Saturday,
March 12, 2011.
In its 18th year, our festival is currently the longest running reggae show and food drive in South Florida. Created in order to fill the demand for an event to celebrate and pay tribute to the life of the legendary Bob Marley, this daylong festival generates at least 11,000 fans annuall...
Transfer of bad debt resolves BOB noncompliance
Transfer of bad debt resolves BOB noncompliance
Statements by Prime Minister Perry Christie and others have confirmed that the Bank of The Bahamas had not been in "full compliance" with Central Bank standards for capital adequacy prior to what some observers say amounts to a "government bailout".
It is not clear what penalties might or might not have been warranted or levied against the bank.
Paul McWeeney, managing director of the bank, laid o...
BOB helps Junkanoo groups prepare for greatest show on Earth
Junkanoo, the major cultural expression of The Bahamas, has been called "one of the greatest shows on Earth". In a show of support for this highly anticipated spectacle, Bank of The Bahamas Limited recently gave sponsorship to some of the most respected Junkanoo groups to [...]
The post BOB helps Junkanoo groups prepare for greatest show on Earth appeared first on The Nassau Guardian.
Press Club on Bob Thompson's death
Press Club on Bob Thompson's death
The Bahamas Press Club sadly notes the passing of Robert Newton (Bob) Thompson, who died at his residence #308 Baillou Hill Road on Tuesday, July 16, 2019. He was 72-years-old...
BOB, BTC,and Atlantis among sponsors for 9th Annual Tour of the Bahamas Set for Weekend
BOB, BTC,and Atlantis among sponsors for 9th Annual Tour of the Bahamas Set for Weekend
Nassau, Bahamas -
More than 100 cyclists from as far away as California are gearing up for
the 9th annual Tour of the Bahamas, the nation's premier cycling event,
to be held January 28 and 29, 2012 in Nassau. Local and foreign competitors
will ride side by side, vying for up to $16,000 in cash prizes and
awards.
News of the event was unveiled at a press conference at
the Ministry of Youth, ...
BOB In The Community-Supporting The Fight Against COVID-19
Pedro Burrows, Senior Manager, Business Development, BOB presents a Donation of Personal Protective Equipment to Tamara Davis...
BOB sees 7 million net losses amid COVID-19 pandemic
BOB sees 7 million net losses amid COVID-19 pandemic
Bank of The Bahamas (BOB) closed its fourth quarter with a net loss of $7.4 million for the year, which ended June 30, its Managing Director Kenrick Brathwaite said in the bank's just-released financial performance statement. Due to the COVID-19 pandemic, the bank increased its net provision in loan losses to $15.3 million. Brathwaite said despite ...The post BOB sees $7 million net losses amid CO...
Livingston 'Bob' Adderley, 73
Livingston 'Bob' Adderley, 73
Memorial Service for Deacon Livingston ?Bob? Adderley, 73 of the Forest Exuma will be held on Thursday at 10:00 P.M. at Palestine Union Baptist Church, The Forest Exuma. Officiating will be Rev. Lynden Clarke. Special invitation to the Exuma District Convention Past and Present and The Odd Fellows Family.
BOB 'must be recapitalized' PM says
BOB 'must be recapitalized' PM says
Prime Minister Perry Christie announced yesterday that Bank of The Bahamas (BOB) will become a bank for the public service, and that the much-needed recapitalization of the bank would come through allowing shareholders to buy additional shares, most likely at a discount, and could lead to wider trading of BOB shares on the open market.
BOB suspends securities trading
BOB suspends securities trading
Trading of the securities issued by the Bank of The Bahamas (BOB) was suspended on Monday until further notice, as the bank seeks to fully ventilate its new posture following its liberation from $100 million in bad commercial debt and a "realignment" to focus on retail banking and consumer lending.
Bahamas International Securities Exchange Limited (BISX) executive Holland Grant stressed that the s...
PM asks if FNM seeks to force sale of BOB
PM asks if FNM seeks to force sale of BOB
Prime Minister Perry Christie has questioned whether the Free National Movement (FNM) is trying to force the sale of Bank of The Bahamas and charged the party to "name who they want to do it for".
In addition, the prime minister disclosed that there are still parties actively interested in purchasing the bank. The government owns 65 percent of the bank (the National Insurance Board owns most of th...
Bad loans blamed for BOB's fourth quarter net loss
Bad loans blamed for BOB's fourth quarter net loss
Bank of The Bahamas (BOB) continues to struggle with bad loans despite what it considers to have been "significant strides made" in its transformation process, as the bank saw an increase in net loan loss provisions of $20.1 million compared to the same quarter last year, according to a statement outlining the bank's financial performance for its fourth quarter ended June 30, 2017.
That statement ...