Search results for : bob
BOB reports 68.87 percent growth in net income
May 12, 2023
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.
September 29, 2021
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.
BOB signs exclusive agreement with CenPOS
February 02, 2015
BOB signs exclusive agreement with CenPOS
CenPOS has announced that it signed a mutually exclusive processing agreement and acquiring services with Bank of The Bahamas.
November 17, 2016
BOB and Bahamas Feeding Network Team Up To Fight Hunger
On Wednesday Bank of The Bahamas Limited and the Bahamas Feeding Network (BFN) helped to ease the problem of hunger for 50 families in the country by providing $5,000 in food vouchers to 50 single mothers with three or more dependents.
BOB Books 3.7M Profits Amid Expansion
November 16, 2011
BOB Books 3.7M Profits Amid Expansion
The Bank of The Bahamas (BOB) recorded $3.66 million in net income available to common shareholders for its 2010/2011 fiscal year, down 26.0 percent from the previous year as a credit loss expenses spike swallowed up strong growth in operating income.
Source: BOB's $70M market value loss a 'disaster'
September 16, 2016
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.
April 28, 2016
BOB, RGD collaborate on new restricted services prepaid card
Fresh off an annual general meeting (AGM) at which executives touted a transformation plan featuring a pronounced pivot toward government business, Bank of The Bahamas (BOB) has announced the Restricted Registry Prepaid Card, a card that can only be used to pay for e-services connected to the Registrar General's Department (RGD).
BOB Allays Fears, Money Laundering Detection and Monitoring System in Place, Project Completed in December 2015
April 04, 2016
BOB Allays Fears, Money Laundering Detection and Monitoring System in Place, Project Completed in December 2015
Bank of The Bahamas today laid to rest fears raised by a news story that cited a note in the bank?s annual report pointing to a potential weakness in detecting revenue sources.
March 30, 2016
Turnquest: BOB chief's plan 'highlights weakness of brand'
Shadow Minister for Finance Peter Turnquest said the transformation plan announced by Bank of The Bahamas (BOB) Managing Director Wayde Christie highlights "the weakness of the brand in the private sector", and warned that the government's policy mandating new hires open and maintain BOB accounts will increase the banking costs for the employees.
March 30, 2016
'Significant doubt' of BOB status as 'a going concern'
As the Bank of The Bahamas (BOB) annual general meeting (AGM) crests the horizon and observers begin to focus on the "transformation plan" touted by the new managing director, Bahamas Chamber of Commerce and Employers Confederation (BCCEC) Chairman Gowon Bowe has pointed out factors that cast "significant doubt" on the bank's ability to continue as a going concern, and warned of what amounts to a ...
Govt mandates new hires must have BOB accounts
March 28, 2016
Govt mandates new hires must have BOB accounts
A new banking policy, signed by Acting Financial Secretary Simon Wilson, calls for all new government hires - monthly or weekly - to open accounts with Bank of The Bahamas (BOB) in order to facilitate salary payments, and mandates that they remain BOB account holders until they become permanent and pensionable.
February 17, 2016
'Red flag warning' in latest BOB report, Turnquest says
In the wake of a quarterly report detailing millions more in losses for Bank of The Bahamas (BOB), Shadow Minister of Finance and Free National Movement Deputy Leader Peter Turnquest underlined the fact that, despite promises by Prime Minister Perry Christie and BOB leadership, no restructuring plan for the troubled institution has ever been presented to the public.
February 17, 2016
BOB profitability 'largely dependent on loan portfolio'
Bank of The Bahamas' losses continue to pile up, despite Managing Director Wayde Christie's insistence that the institution has seen "encouraging" results.
Bob Marley's 'War' and the state of the nation
January 18, 2016
Bob Marley's 'War' and the state of the nation
Our discussions and arguments have taken on a tenor that suggests that our tolerance as a people is running thin. We have become sensitive and more easily irritated with the tendency to seek war rather than peace.
December 13, 2015
Security firm identifies numerous gaps in BOB security controls
Praetorian, the firm hired by Bank of The Bahamas (BOB) to test its vulnerability to possible Internet and intranet based attacks and to evaluate existing security controls, last year identified a number of gaps in the bank's security, some with substantial risk attached.
FNM plans to restructure BOB
October 07, 2015
FNM plans to restructure BOB
As observers await publication of the annual report of the Bank of The Bahamas (BOB), due by the end of October 2015 for the year ending in June 2015, Free National Movement (FNM) Deputy Leader and Shadow Minister of Finance Peter Turnquest spoke with Guardian Business about the FNM's plans to restructure the institution to end so-called political control of the bank.
BOB now accepts China UnionPay Cards
September 11, 2015
BOB now accepts China UnionPay Cards
Recognizing the growing importance of cross-border trade, Bank of The Bahamas Limited ("BOB") has expanded its merchant services platform to capture global markets. The bank's network now accepts China UnionPay Cards, the official cards of the domestic bankcard organization in the People's Republic of China.
Bob Marley's 'War' and the state of the nation
August 24, 2015
Bob Marley's 'War' and the state of the nation
Our discussions and arguments have taken on a tenor of late that suggests that our tolerance as a people is running thin.
August 13, 2015
BOB to close Thompson Boulevard branch, preparing to open branch in South Eleuthera
Bank of The Bahamas Limited (BOB) has announced that its Thompson Boulevard branch will close effective August 31, 2015.
February 17, 2015
Resolve valuation likely different from BOB, Smith says
Bahamas Resolve Ltd. Chairman James Smith said it is likely that there will be a difference between the value Bank of The Bahamas places on the loans transferred to Resolve and the value Deloitte & Touche places on those same assets. Smith also reported that parties have already begun expressing interest in purchasing the assets on the Resolve books.
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.
Two held in cheque fraud probe
May 07, 2021
Two held in cheque fraud probe
POLICE have two male suspects in custody in connection with an alleged cheque fraud.
The Recording Academy Statement On Joe South
September 06, 2012
The Recording Academy Statement On Joe South
"Two-time GRAMMY? winner Joe South had a successful and
illustrious career collaborating with countless artists as a guitarist,
songwriter and singer.
April 08, 2024
Two-day Eleuthera Business Outlook slated to April 18 and 19
NASSAU, BAHAMAS — The 12th annual Eleuthera Business Outlook, themed "Future Eleuthera: Branding the National Identity, Planning for Success," will be held as a two-day event on April 18 and 19 in both South as well as North Eleuthera, providing a platform for a broader discussion and in-depth look into the island's growing economy. This [...]
March 05, 2024
Letter to the Editor: National youth service is a necessity
Editor, Here in our wonderful nation, a lot of people are up in arms, pardon the pun, over crime and the fear of crime. Basically, despite the perception, crime is NOT out of control. Yes, there are challenges but nothing insurmountable, in my considered view. The vast majority of the crimes to which people are [...]
January 22, 2024
8th Annual Cycling Event Eclipses $500K in Fundraising for Exuma Causes
Tour de Turquoise, the charity cycling event that raises funds for Exuma while boosting healthy living and community spirit, revealed today this weekend’s race was the most successful in the event’s history, raising nearly $150,000 and pushing total donations since the event started past the half million-dollar mark.
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 [...]
November 07, 2023
Fisheries and environmental experts meet as GCFI76 convenes
The Hon. Philip Davis, Prime Minister and Minister of Finance, in his keynote address of the opening of the Gulf and Caribbean Fisheries Institute regional conference (GCFI76) underscored the importance of science, research and data collection to addressing threats that fisheries face.
October 27, 2023
FNM says Road Traffic HQ deal with Miller "doesn't pass the smell test"
NASSAU, BAHAMAS — The Free National Movement (FNM) has slammed the Davis administration for reportedly granting a lease to former PLP Minister Leslie Miller, for the Road Traffic Department to move its headquarters to his Summerwind Plaza on the Tonique Williams-Darling Highway, arguing that the arrangement "does not pass the smell test." The party's objections came [...]
September 11, 2023
Coming Home, Local Exumian becomes First Artist-in-Residence at Big Sampson Cay
In the super-charged reality we call our daily lives, few things -- and fewer places -- still have the capacity to take our breath away.
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