Search results for : Banks
August 03, 2022
Rolle: Central Bank addressing 'pain points' surrounding elimination of checks
Central Bank Governor John Rolle said yesterday that the bank is "very cognizant of the pain points that need to be addressed", particularly surrounding electronic payments in lieu of checks. He was responding to questions posed by Guardian Business regarding concerns of the private sector surrounding the elimination of checks.
June 15, 2022
Govt to implement automated money transfer services at Post Office Savings Bank
The government intends to modernize the Post Office Savings Bank through implementing automated money transfer services, which is expected to reduce the regulatory deficiencies of the crucial service for family islanders.
September 29, 2021
Thompson: Bank review shows FNM's positive economic impact
FORMER State Minister for Finance Kwasi Thompson said the recent quarterly review by the Central Bank of The Bahamas proves the economic policies implemented by the Minnis administration were having a positive impact on the Bahamian economy.
Frame'd Eyewear & Accessories wants you to see better in style without "breaking the bank"
September 13, 2021
Frame'd Eyewear & Accessories wants you to see better in style without "breaking the bank"
By: Jhanae Winter
There continues to be a need for stylish yet affordable prescription eyewear for all ages. Heidi Munroe, owner of Frame’d Eyewear & Accessories, is doing just that as her business provides men, women and children with various affordable options that suit their eye needs.
September 08, 2021
Central Bank will resume foreign currency purchasing facilities next month
The Central Bank of The Bahamas (CBOB) will reinstate its Bahamian Depository Receipts program (BDR) and the approval of applications to purchase foreign currency through the Investment Currency Market (ICM) to fund external portfolio and capital investments beginning the first of October, the bank said in a statement yesterday, marking the return of these two instruments after they were stopped f...
September 02, 2021
PLP vows to increase the number of Bahamian commercial banks
PLP Deputy Leader Chester Cooper said a Progressive Liberal Party (PLP) government would encourage the Central Bank of The Bahamas (CBOB) to grant at least three commercial bank licenses to Bahamians or groups of Bahamians.
August 30, 2021
Central Bank to use 247 million IMF SDR to bolster reserves
The Central Bank of The Bahamas (CBOB) said it intends to use the approximately US$247.5 million from the International Monetary Fund's (IMF) recent general allocation of Special Drawing Rights (SDRs) to strengthen the country's foreign reserves.
November 25, 2015
Fidelity Bank raises 60K toward Hurricane Joaquin relief efforts
Fidelity Bank (Bahamas) Limited donated $60,530 to the Bahamas Red Cross Society to assist in the restoration of the southern Bahamian islands adversely affected by Hurricane Joaquin in October.
Nine Cubans found on Cay Sal Bank
July 08, 2021
Nine Cubans found on Cay Sal Bank
NINE Cuban migrants discovered on a cay in the Cay Sal Bank in the southern Bahamas were charged in the Freeport Magistrate's Court with illegal landing.
June 18, 2021
Former bank employee accused of stealing over 50,000 from customer accounts
A FORMER First Caribbean Bank employee was arraigned in Magistrates Court on Friday for allegedly stealing over $50,000 from customer accounts over a nearly three-year period.
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