Search results for : Banks
June 01, 2021
Central Bank: External reserves to decline during the year
During April, the external reserves grew by $3.1 million, an improvement from the $15 million lost during April 2020 at the start of the COVID-19 pandemic.
May 19, 2021
Impact of COVID-19 felt in Bank of The Bahamas’ third quarter
Bank of The Bahamas (BoB) has reported continued losses in its third quarter, as the COVID-19 pandemic continues to have an impact.
May 07, 2021
More than 5 mil. worth of fraud reported by commercial banks
As the use of technology to complete money transactions rises, so have the instances of fraud, according to The Central Bank of The Bahamas, which yesterday revealed that more than $5 million worth of fraud instances were reported by commercial banks.
Government Welcome Sterling Bank & Trust
June 02, 2016
Government Welcome Sterling Bank & Trust
Creating 2,200 jobs in the pipeline throughout The Bahamas to bolster the Bahamas? financial services portfolio, Sterling Bank & Trust has arrived to our shores, fortified with more than $9 billion in assets for administration and operations in The Bahamas and Cayman Islands.
February 08, 2015
Central Bank: VAT could spike inflation, but low oil prices should help
The Central Bank of The Bahamas (CBOB) said the implementation of the value-added tax (VAT) could mean a spike in the inflation rate as a consequence of price hikes across a broad range of goods and services at the start of the year, but plunging oil prices should keep inflation down.
PM: Banks are turning people into modern day slaves
February 04, 2015
PM: Banks are turning people into modern day slaves
Prime Minister Perry Christie yesterday said "excessive" interest rates charged by some banks in The Bahamas are turning people into "modern day slaves" and called on the local banking sector to help curb the tide of "growing economic slavery" among Bahamians if the country is to have a chance for substantial economic development in the future.
January 13, 2020
WHY IS THE CENTRAL BANK GETTING RID OF THE ONE CENT COIN?
In 2018, the Central Bank of The Bahamas, with the assistance of Secura Monde International as consultants for the initiative, commissioned a study to examine the need for continued issuance of the 1-cent coin...
May 04, 2021
Central Bank governor: Government still has significant financing needs
As the government finalizes its upcoming budget for the 2021/2022 fiscal year, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said from his point of view, the government will still have significant financing needs heading into the new fiscal period, which starts on July 1.
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.
Central bank: continued positive economic growth
July 01, 2019
Central bank: continued positive economic growth
The Central Bank of The Bahamas (CBOB) expects the Bahamian economy to continue to trend positively given the continued improvements in key tourism source markets like the United States, the central bank’s Monthly Economic and Financial Developments (MEFD) report for May reveals...
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