Search results for : loan
Nearly 2 billion in loans deferred
June 30, 2020
Nearly 2 billion in loans deferred
Just under $2 billion in loans held by Bahamian credit holders have been deferred as a part of the loan payment deferral schemes implemented by various commercial banks...
June 23, 2020
SBDC facilitates 36 mil. in business continuity loans, grants
The Small Business Development Centre (SBDC) has processed nearly $36 million in business continuity loans and grants to 508 small businesses as part of the government's special COVID-19 response, Prime Minister Dr. Hubert Minnis announced yesterday as he wrapped up debate on the 2020/2021 annual [...]
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Nearly half of Mortgage Corp. loans in arrears
June 19, 2020
Nearly half of Mortgage Corp. loans in arrears
Romauld Ferreira.Nearly half of the mortgages at the Bahamas Mortgage Corporation (BMC) are in arrears, Minister of Housing and the Environment Romauld Ferreira has disclosed. The arrears ratio stands at 47.2 percent, which includes the corporation's Grand Bahama portfolio, which the minister said stands at "a [...]
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2 million drop in loan balance
June 10, 2020
2 million drop in loan balance
THE Education Loan Authority's outstanding balance decreased by nearly $2 million between June 2019 and March 2020, ELA chairman Miriam Emmanuel said yesterday during her budget communication.
Central Bank: Increase in loan approvals
November 06, 2019
Central Bank: Increase in loan approvals
The Central Bank of The Bahamas. FILEMost consumer loans denied by commercial banks this year were denied because of high debt service ratios held by those who attempted to secure the debt, the Central Bank of The Bahamas' (CBOB) most recent lending conditions survey revealed. While the CBOB survey conducted on [...]
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June 03, 2020
Bahamians maintain loan commitments in April despite economic struggles
The Central Bank of The Bahamas.Despite the shadow of rising unemployment and reduced wages cast over the economy, Bahamians by and large kept up with their loan commitments during the month of April, according to the most recent data from The Central Bank of The Bahamas. In particular, banking sector [...]
The post Bahamians maintain loan commitments in April despite economic struggles appeared f...
Bank denies probe into delinquent 'PLP loans'
February 02, 2016
Bank denies probe into delinquent 'PLP loans'
THE BAHAMAS Development Bank yesterday denied assertions that the bank was overlooking ?delinquent loans? by members of the Progressive Liberal Party and that politics plays a role in the day-to-day operations of the financial institution.
Bad loans blamed for BOB's fourth quarter net loss
August 17, 2017
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 ...
May 04, 2020
Coronavirus: Firms rush to secure new lockdown survival loans
Businesses have raced to secure loans under a new scheme to help smaller firms through the lockdown crisis...
Simplified Lending 'Business grateful for quick accelerator loans, some brought to tears'
April 15, 2020
Simplified Lending 'Business grateful for quick accelerator loans, some brought to tears'
Pantry says program saving businesses every day...It is extraordinary to see traditionally successful businesspeople cry because they secured a loan to help pay staff. But these are extraordinary times and for one lender participating in the government’s public-private sector loan program...
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