Search results for : Loans Commercial
Major Transformation of MyBTC Mobile App
January 26, 2024
Major Transformation of MyBTC Mobile App
BTC is committed to constantly evolving its customer care and creating solutions to make customer interactions as seamless and easy as possible. The company has introduced the upgraded My BTC mobile app, with tons of new features, and new ones on the way.
Opposition wants answers over $500 million loan
January 16, 2024
Opposition wants answers over $500 million loan
NASSAU, BAHAMAS — The Opposition is also voicing concern over the government's recent announcement regarding a $500 million commercial loan secured via an Inter-American Development Bank (IDB) guarantee. Kwasi Thompson, the Opposition's Shadow Finance Minister, said that the Ministry of Finance's statement on the matter "fails any reasonable measure of transparency and clarity." "The Governmen...
The Bahamas closes a $500m international loan benefitting from a first-loss IDB guarantee
January 12, 2024
The Bahamas closes a $500m international loan benefitting from a first-loss IDB guarantee
The Commonwealth of The Bahamas successfully closed a $500 million 10-year international commercial loan benefitting from a first-loss Policy-Based Guarantee provided by the Inter-American Development Bank (“the IDB”, S&P [AAA/Stable]) and arranged by Banco Santander, S.A. (New York Branch) as Global Coordinator and Mandated Lead Arranger (“Santander”, S&P [A+/Stable]).
October 06, 2023
Government hopes to pay off $300 million maturing bond early
Government hopes to retire some $300 million it will soon owe in maturing bonds, Minister of Economic Affairs Michael Halkitis said yesterday, adding that the there are plans in place to handle a number of other large payouts the government will owe in the near-term. "We have a plan," Halkitis said. "We have various resources ...
The post Government hopes to pay off $300 million maturing bond earl...
'Chance' 20 per cent loan default mark reached
September 03, 2010
'Chance' 20 per cent loan default mark reached
The Clearing Banks Association's (CBA) head yesterday told Tribune Business there was "a chance" commercial bank loan delinquencies could break the 20 per cent mark, adding that increasing uncertainties over the global economic recovery had prompted Bahamian institutions to extend their stress testing models "well into 2012".
Paul McWeeney, who is also Bank of the Bahamas International's managi...
July 06, 2023
The Bahamas enjoying relatively low lending rates as other markets rise
As borrowing becomes more expensive in the US and in some Caribbean territories, The Bahamas continues to offer favorable rates, though commercial bank lending has contracted and non-performing loan rates remain higher than average, the bank's Vice President and District Head for the Caribbean Roger Archer told Guardian Business. Archer said The Bahamas has been fortunate to enjoy ....
New Supreme Court judicial complex in the works
June 30, 2023
New Supreme Court judicial complex in the works
NASSAU, BAHAMAS — The government is moving ahead with plans to construct a new Supreme Court Judicial Complex according to Attorney General Ryan Pinder who described the development as the "most transformational investment" in the country's judicial system since Independence. During his contribution to the 2023/2024 budget debate in the Senate Pinder noted that the [...]
Private sector credit up $6 million
May 31, 2023
Private sector credit up $6 million
Private sector credit increased by $6 million during the month of April, following a double digit falloff during the same period a year ago, The Central Bank of The Bahamas revealed yesterday.
Govt debt rises to $12.5 billion
May 15, 2023
Govt debt rises to $12.5 billion
Total government debt grew to $12.5 billion during the third quarter of FY2022/2023, up from the $12.13 billion held at the end of the last fiscal year, the Ministry of Finance (MoF) revealed in the just released Public Debt Statistical Bulletin for the nine-month period ending March 2023. It represents a 1.1 percent or $137.6 ...
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Loan arrears increase in March
May 05, 2023
Loan arrears increase in March
After consecutive months of declines, loan arrears increased during the month of March, according to the most recent data from The Central Bank of The Bahamas (CBOB).
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