Search results for : loan
December 14, 2020
IDB loan to help with nat'l COVID-19 vaccination strategic plan
A $20 million loan from the Inter-American Development Bank (IDB) is expected to strengthen the country's emergency operations in the wake of the COVID-19 pandemic. The just approved loan is pegged to be the answer to the county's health service challenges as the COVID-19 war rages on, by helping to reduce morbidity and mortality caused ...
The post IDB loan to help with nat'l COVID-19 vaccination...
Private sector loan arrears up nearly ten percent
December 16, 2020
Private sector loan arrears up nearly ten percent
Private sector loan arrears grew nearly ten percent between July and September, which the Central Bank of The Bahamas (CBOB) indicated signals the conclusion of some COVID-19 loan deferral programs. Those loan arrears grew by $61.4 million or 9.7 percent, pushing the ratio of arrears to loans in that category up more than a percentage ...
The post Private sector loan arrears up nearly ten percent ...
November 01, 2022
Loan applications up 5.7 percent in first half of 2022
Applications for loans across financial lending institutions increased by 5.7 percent in the first half of 2022, compared to the same period in 2021, the most recent data from the Bank Lending Overview has revealed. In total, lending institutions processed 14,532 loan applications, reflecting increased demand for consumer loans and mortgages, The Central Bank of ...
The post Loan applications up 5...
Brathwaite: Banks risk averse on construction loans
August 31, 2022
Brathwaite: Banks risk averse on construction loans
Some local banks are completely averse to the risks associated with construction loans and will not approve them, Bank of The Bahamas's Managing Director Kenrick Brathwaite told Guardian Business yesterday, adding that with inflation in the markets, there has to be even more vigilance. Brathwaite said banks are more interested in turnkey mortgages than financing ...
The post Brathwaite: Banks risk...
December 16, 2011
IDB Loan Signing Ceremony Remarks - Prime Minister Hubert Ingraham
COMMENTS,
Rt. Hon. Hubert A. Ingraham
PRIME MINISTER
At The
LOAN SIGNING CEREMONY
IDB AIR TRANSPORT REFORM PROGRAMME AND
WATER SUPPLY AND SANITATION SYSTEM UPGRADE
DECEMBER 16, 2011
131m loans for water and sewerage, aviation upgrades
December 17, 2011
131m loans for water and sewerage, aviation upgrades
By SANCHESKA BROWN
Tribune Staff Reporter
sbrown@tribunemedia.net
THE government put pen to paper on two loans from the Inter-American Development Bank worth a combined $131 million, to be used on water supply and sanitation upgrades and an air transport reform programme.
The Water and Sewerage Corporation will receive $81 million to rehabilitate selected sewerage infrastructure and make its oth...
June 10, 2022
Significant decline in BDB's non-performing loans portfolio
The Bahamas Development Bank (BDB) has succeeded in shrinking its non-performing loans portfolio to a percentage in the 20s, from a rate of 76 percent, the bank's Head of Strategic Development and Initiatives Sumayyah Cargill said yesterday. Cargill, who made the comments during an appearance on Morning Blend Business on Guardian Radio 96.9 FM, explained ...
Loan arrears continue downward trend
June 01, 2022
Loan arrears continue downward trend
Lower loan arrears signaled improved credit quality during the month of April, as fewer delinquencies were reported among commercial and mortgage credit holders. The Central Bank of The Bahamas (CBOB) reported that total private sector arrears trended down by roughly two percent, which represents $15.3 million, to $725.6 million. "An analysis by loan type showed ...
May 17, 2022
Government signs $20 mil. loan agreement for housing project
The Ministry of Transport and Housing unveiled plans yesterday to build 200 homes as part of phase one of a housing project called The Renaissance at Carmichael.
May 10, 2022
Simplified Lending signs $10MM deal with RF to expand loan portfolio
With more businesses turning to alternative sources of funding, Simplified Lending, one of the fastest-growing financial services companies in The Bahamas, announced today it has boosted its ability to provide funding to Bahamians by signing a $10 million deal with RF Merchant Bank and Trust.
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