Search results for : Banks
November 21, 2016
Fourteen licensees impacted by de-risking, Central Bank survey reveals
According to The Central Bank of The Bahamas (CBOB), banks within this jurisdiction rely on a small number of correspondent banking relationships (CBRs), and a further decline in CBRs could "potentially pose a significant threat" to the jurisdiction, particularly for indigenous banks and standalone international banks.
November 09, 2016
Central Bank hosting Annual Monetary Studies Conference
The Central Bank of The Bahamas is pleased to announce that during the period November 9-11, 2016 the bank, in conjunction with the Caribbean Centre for Money and Finance (CCMF), will be hosting the XLVIII (48th) Annual Monetary Studies Conference, under the theme "Issues and Challenges Facing the Caribbean in the New Global Economy".
November 07, 2016
Modest cost pressures due to Matthew, says Central Bank
In its Monthly Economic Financial Developments (MEFD) report for September, The Central Bank of The Bahamas (CBOB) warned about modest cost pressures due to Hurricane Matthew.
BICA head concerned about rating in World Bank index
November 06, 2016
BICA head concerned about rating in World Bank index
International investors may think twice about doing business in The Bahamas if the country continues to slide on the World Bank's Ease of Doing Business Index.
November 04, 2016
Central Bank: Recovery effort will deteriorate fiscal position
Hurricane Matthew will deteriorate the government's fiscal position and apply additional pressure on the nation's deficit, according to The Central Bank of The Bahamas (CBOB).
Central Bank considers Matthew's impact on economy
November 04, 2016
Central Bank considers Matthew's impact on economy
The economic outlook in light of Hurricane Matthew is bittersweet: short-term disruptions to businesses, a short-lived impact on the tourism sector, and an uptick in construction activity, according to The Central Bank of The Bahamas' Monthly Economic and Financial Developments (MEFD) September 2016 report.
World Bank measures insolvency resolution
November 02, 2016
World Bank measures insolvency resolution
The Bahamas stands at 59 out of 190 economies on the ease of resolving insolvency, an important tool for economic survival.
October 28, 2016
World Bank focuses on starting business, Bahamas found wanting
While The Bahamas made starting a business easier by allowing local limited liability (LLC) companies to register online, it also it more costly to start a business by increasing the fees for registering a company's name and incorporation.
October 27, 2016
World Bank: Bahamas business atmosphere 'complicated'
According to the World Bank Group (WGB), the introduction of value-added tax (VAT) made paying taxes in The Bahamas more complicated.
Central Bank governor assesses Matthew impact
October 24, 2016
Central Bank governor assesses Matthew impact
Governor of The Central Bank of The Bahamas (CBOB) John Rolle said the regulator's concerns about the Bahamian economy in the wake of Hurricane Matthew are "relieved" for several reasons that relate to tourism, reinsurance inflows and net foreign currency inflows from the remobilization of Baha Mar.
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