Search results for : Credit Unions
Min Cartwright opens new Credit Union building
May 25, 2010
Min Cartwright opens new Credit Union building
Minister of Agriculture and Marine Resources, the Hon. Lawrence Cartwright, officially opened the new business complex of The Teachers and Salaried Workers Union on Roland and East Streets. The opening ceremony, which was held on Thursday, May 20, was commemorated by the unveiling of a plaque stationed at the entrance of the complex.
April 30, 2024
Bank lending conditions showed improvement over the latter half of 2023
NASSAU, BAHAMAS — Banking lending conditions showed improvement over the latter half of 2023 according to the latest quarterly bank lending conditions survey results released by the Central Bank. The regulator noted: "The Central Bank's most recent survey of commercial banks showed that bank lending conditions continued to improve and the demand for credit increased [...]
April 24, 2024
CENTRAL BANK: "Steady progress" being made toward cheque usage reduction goal
Steering committee on cheque reduction endorses strategy to strengthen domestic payments environment NASSAU, BAHAMAS — The Central Bank said yesterday that 'steady progress' is being made toward the goal of reducing cheque usage in the country, noting that a legal opinion outlining the optimal approach to implementing regulatory changes necessary to support a reduction in [...]
Bahamian firms cite access to finance as major or severe obstacle to conducting business
March 26, 2024
Bahamian firms cite access to finance as major or severe obstacle to conducting business
NASSAU, BAHAMAS — Bahamian firms have cited access to finance as a major or severe obstacle to conducting business, with only a small percentage reporting having a line of credit to access short-term funding. The Inter-American Development Bank's (IDB) recently released 2024-2028 country strategy for The Bahamas pointed to the Innovation, Firm Performance, and Gender [...]
February 22, 2024
Impending Demolition of International Building To Make Way for Modern UB North Campus
University of The Bahamas (UB) is taking a pivotal step towards the creation of a new state-of-the-art UB North campus in Freeport, Grand Bahama as it prepares for the demolition of the International Building at the Kipling Complex.
Too many Bahamians unable to afford homes, PM says
January 12, 2024
Too many Bahamians unable to afford homes, PM says
NASSAU, BAHAMAS — Prime Minister Philip Davis has lamented that homeownership has been out of the reach of many Bahamians, stating: "We must resolve to change this reality." "As we maintain our focus on reducing the cost of living and creating more opportunities for Bahamians, affordable homeownership opportunities are an essential component of our blueprint [...]
January 03, 2024
Contractors Association President upbeat about Bahamian construction sector in 2024 amidst antitrust concerns for smaller firms
NASSAU, BAHAMAS — The outlook for the Bahamian construction sector in 2024 remains positive, coming off what was, for some, one of the best years in over a decade, according to Bahamian Contractors Association (BCA) president Leonard Sand,s who also expressed concern that antitrust or anti-monopoly legislation may become necessary to ensure that smaller players [...]
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 [...]
Halkitis: We have no cash crunch
September 21, 2023
Halkitis: We have no cash crunch
Minister of Economic Affairs Michael Halkitis yesterday dismissed as an untruth the opposition's claim that the government of The Bahamas is facing a "cash crunch" notwithstanding record revenues.
Opposition alleges govt in a cash crunch
September 20, 2023
Opposition alleges govt in a cash crunch
The official opposition yesterday accused the Davis administration of "squandering" record revenues on lavish travel, extravagant parties and excessive events, and alleged, without proof, that the government is facing a "severe cash crunch". "In the last month alone, the prime minister has been crisscrossing the globe with large entourages, often for ceremonial matters not critical to ...
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