Search results for : Loans Commercial
'Bottoming out' hope on 1.15bn bad loans
November 08, 2010
'Bottoming out' hope on 1.15bn bad loans
By NEIL HARTNELL
Tribune Business Editor
The Bahamian commercial banking industry is hopeful that September's 1.6 per cent decline in its collective $1.153 billion bad loans could indicate a "bottoming out" and that "the worst has passed", but one leading executive told Tribune Business that the sector wanted to see a consistent trend, and that any recovery would take "a good 18 months".
Speaki...
'Horrendous' 188m bad business loans
November 16, 2010
'Horrendous' 188m bad business loans
By NEIL HARTNELL
Tribune Business Editor
SOME $188 million in loans to Bahamas-based businesses, representing 18.11 per cent of all bank credit to the private sector, were non-performing as at September 30, 2010, Tribune Business was told yesterday, one senior banking industry executive describing this as "horrendous" and reflective of how poorly many companies were performing due to the recessi...
December 03, 2010
Remarks by Rt. Hon. Hubert A. Ingraham Prime Minister
I thank you for this opportunity to share my thoughts with you on the state of The Bahamian economy and projections for the future. I am pleased to speak on the Bahamian economy, not because it is ever an easy topic nowadays, but because it is useful to be able to put the economic situation in fuller perspective than is sometimes done these days.
June 21, 2021
One million dollars for small businesses through Access Accelerator and Bahamas Entrepreneurial Venture Fund partnership
The Access Accelerator Small Business Development Centre (Access Accelerator) has partnered with the Bahamas Entrepreneurial Venture Fund Ltd. (BEVF) to assist with the execution of one million dollars in loans as a part of the Access Accelerator’s Micro, Small and Medium-sized Enterprise (MSME) Loan Guarantee Programme.
BOB debt swapped for Resolve bonds, not cash
November 05, 2014
BOB debt swapped for Resolve bonds, not cash
Bank of The Bahamas (BOB) swapped $100 million in bad debt for $100 million in government-backed Resolve bonds, and BOB Managing Director Paul McWeeney has staked the bank's future prospects on this show of confidence by the government.
Bank of The Bahamas securities resumed trading on the Bahamas International Securities Exchange (BISX) Tuesday.
Some have questioned the process through which BOB ...
November 02, 2020
Simplified Lending Salutes Central Bank on Historic Digital Currency Move
Simplified Lending salutes Central Bank for making digital currency history Progressive financial services provider Simplified Lending today lauded Central Bank of The Bahamas...
Do You Know the Source?
August 09, 2020
Do You Know the Source?
Criminals may be locked down, but are we as risk and compliance professionals ensuring they are also locked out of our financial systems...
Nearly 2 billion in loans deferred
June 30, 2020
Nearly 2 billion in loans deferred
Just under $2 billion in loans held by Bahamian credit holders have been deferred as a part of the loan payment deferral schemes implemented by various commercial banks...
Drop in loan delinquencies
December 30, 2019
Drop in loan delinquencies
Fewer consumer delinquencies have led to a decline in total loan arrears across commercial lenders, reflecting an improvement in the non-performing segment of local credit, according to the most recent data from the Central Bank of The Bahamas. The Monthly Economic and Financial Development (MEFD) [...]
The post Drop in loan delinquencies appeared first on The Nassau Guardian.
March 30, 2020
SBDC Rolls out the Government’s $20 Million COVID-19 Response
Deputy Prime Minister and Minister of Finance stated that last week the Small Business Development Centre (SBDC) rolled out the Government’s $20 million COVID-19 response, targeted to provide loans to small businesses, ranging from $5,000 to $300,000. Approved loans will have a payment grace period of four months...
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