Search results for : Banks
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
RBC Partners with ADO, Launches Second Community Garden in Rolleville, Exuma from leading bank’s $50,000 donation
December 19, 2023
RBC Partners with ADO, Launches Second Community Garden in Rolleville, Exuma from leading bank’s $50,000 donation
Declaring “growing our own food is essential to the economy, our way of life and our very survival,” Deputy Prime Minister and Minister of Tourism, Investments & Aviation Chester Cooper officially opened a half acre community farm in Rolleville, Exuma this week.
December 19, 2023
CIBC First Caribbean International Bank sees 74 percent increase in net income
NASSAU, BAHAMAS — First Caribbean International Bank (FCIB) saw a strong financial performance for its 2023 fiscal year with a net income of $122.3 million, up 74 percent from the previous year. Jacqui Bend, the bank's managing director, commenting on the bank's performance for the year ended October 31st, noted, "The bank delivered a strong [...]
December 12, 2023
From Clerk to Managing Director- Bank Leader Gives Tips for Success
During an inspiring women's empowerment forum, Dr. Jacqui Bend, CIBC FirstCaribbean’s Managing Director, shared her remarkable journey from humble beginnings to leading one of the region's prominent banks.
More than 500 students to visit world’s most prestigious photo exhibit, Prix Pictet, at Central Bank
December 06, 2023
More than 500 students to visit world’s most prestigious photo exhibit, Prix Pictet, at Central Bank
More than 500 students from schools across New Providence will have the rare opportunity to experience the human condition through the eyes of the greatest photographers in the world as school by upper school, they tour the Prix Pictet exhibit at the Central Bank Art Gallery.
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
December 06, 2023
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a "moderate pace," supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy [...]
December 05, 2023
Cornèr Bank Invests in the Future of Bahamian Art with $20K Scholarship
Cornèr Bank (Overseas) Limited is proud to announce a $20,000 scholarship donation to the University of The Bahamas (UB), supporting aspiring Bahamian artists. The Cornèr Bank Direct Art Scholarship Award, formalized through a Memorandum of Understanding signed on Wednesday, November 22, 2023, will benefit eligible undergraduate students pursuing a full-time Associate of Arts degree in Art.
November 17, 2023
Bahamas Development Bank Welcomes Senior High School Students
In recognition of International Men’s Day, four promising students from The Bahamas Development Bank’s (BDB) neighborhood school, R. M. Bailey Senior High School, participated in a unique job shadow experience this week. BDB was excited to open its doors to aspiring software engineers, real estate agents, entrepreneurs, and accountants.
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
November 15, 2023
RBC Royal Bank (Bahamas) Limited Donates $20,000 to University of The Bahamas’ School of Nursing
RBC Royal Bank (Bahamas) Limited has made a $20,000.00 gift to the University of The Bahamas’ School of Nursing and Allied Health Professions in a tangible demonstration of its commitment to academic excellence and the resilience of the health care sector.
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 [...]
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