Consumer loan arrears decline 4.5 percent

Over the span of a year, consumer loan arrears dropped 4.5 percent, while mortgage arrears dropped 1.5 percent last month, according to recent data provided by The Central Bank of The Bahamas (CBOB). The Monthly Economic and Financial Developments report for November indicated improved credit quality indicators within the commercial banking system, as non-performing loans ...
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$43 million CDB loan approved for East GB schools

The Caribbean Development Bank (CDB) has approved a $43.3 million loan facility to the government for the construction and redevelopment of two schools in East Grand Bahama. That part of Grand Bahama was severely damaged during Hurricane Dorian in 2019. The funding, the bank said, will be used for the rehabilitation of the East End ...
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IDB loan to help with nat'l COVID-19 vaccination strategic plan

A $20 million loan from the Inter-American Development Bank (IDB) is expected to strengthen the country's emergency operations in the wake of the COVID-19 pandemic. The just approved loan is pegged to be the answer to the county's health service challenges as the COVID-19 war rages on, by helping to reduce morbidity and mortality caused ...
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Private sector loan arrears up nearly ten percent

Private sector loan arrears grew nearly ten percent between July and September, which the Central Bank of The Bahamas (CBOB) indicated signals the conclusion of some COVID-19 loan deferral programs. Those loan arrears grew by $61.4 million or 9.7 percent, pushing the ratio of arrears to loans in that category up more than a percentage ...
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Loan applications up 5.7 percent in first half of 2022 

Applications for loans across financial lending institutions increased by 5.7 percent in the first half of 2022, compared to the same period in 2021, the most recent data from the Bank Lending Overview has revealed. In total, lending institutions processed 14,532 loan applications, reflecting increased demand for consumer loans and mortgages, The Central Bank of ...
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Brathwaite: Banks risk averse on construction loans

Some local banks are completely averse to the risks associated with construction loans and will not approve them, Bank of The Bahamas's Managing Director Kenrick Brathwaite told Guardian Business yesterday, adding that with inflation in the markets, there has to be even more vigilance. Brathwaite said banks are more interested in turnkey mortgages than financing ...
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IDB Loan Signing Ceremony Remarks - Prime Minister Hubert Ingraham

COMMENTS,
Rt. Hon. Hubert A. Ingraham
PRIME MINISTER
At The
LOAN SIGNING CEREMONY
IDB AIR TRANSPORT REFORM PROGRAMME AND
WATER SUPPLY AND SANITATION SYSTEM UPGRADE

DECEMBER 16, 2011

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131m loans for water and sewerage, aviation upgrades

By SANCHESKA BROWN
Tribune Staff Reporter
sbrown@tribunemedia.net

THE government put pen to paper on two loans from the Inter-American Development Bank worth a combined $131 million, to be used on water supply and sanitation upgrades and an air transport reform programme.
The Water and Sewerage Corporation will receive $81 million to rehabilitate selected sewerage infrastructure and make its oth...

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AUTO LOAN Sales Event-New 2015 Model

Saturday 21st March 2015  10:00 AM

When: Saturday, March 21, 2015

Where: AutoMall, Wulff Road East

Time: 10:00am-3:00pm

Come in and test drive (all tests drives will start on March 23, 2015)

Significant decline in BDB's non-performing loans portfolio

The Bahamas Development Bank (BDB) has succeeded in shrinking its non-performing loans portfolio to a percentage in the 20s, from a rate of 76 percent, the bank's Head of Strategic Development and Initiatives Sumayyah Cargill said yesterday. Cargill, who made the comments during an appearance on Morning Blend Business on Guardian Radio 96.9 FM, explained ...

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