Search results for : bahamas bank

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News Article

December 12, 2016
CTFE confirms Baha Mar purchase

Hong Kong-based global conglomerate, Chow Tai Fook Enterprises Limited (CTFE), announced that it has finalized an agreement with the Bahamas government and the Export-Import Bank to own and operate Baha Mar, and pledged to sink another $200 million into the project to "support pre-opening activities", according to a press statement released yesterday by the company.
Included in that $200 million w...

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News Article

December 12, 2016
CIBC FirstCaribbean Bahamas wins Bank of the Year award

The Bahamas operations of CIBC FirstCaribbean International Bank have captured the prestigious 2016 Bank of the Year Country Award in The Banker Magazine's 17th Annual Bracken Awards Programme. This is the bank's fifth time winning the title for The Bahamas, having won in 2008, 2009, 2012, 2013 and now 2016.
Managing Director Marie Rodland-Allen received the award on behalf of the bank at a gala b...

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News Article

December 14, 2016
Aquinas College student wins 33rd Central Bank Art Competition

An Aquinas College student has won first place in the high school category of the 33rd Central Bank Art Competition and Exhibition.
Sonae Smith's winning piece, "Fallen, Yet We Rise" impressed the judges with its vibrant colors, thought-provoking social context and mesmerizing undertones. The winning piece competed against an impressive number of entries by young artists enrolled in secondary scho...

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News Article

December 18, 2016
Sunryse's 9th annual Shred Day 2016 an overwhelming success

In an effort to promote information protection and support local charities, Sunryse Information Management partnered with RBC Royal Bank as the key corporate sponsor for the ninth annual "Shred Day". The event, which was held at the Western Esplanade, Arawak Cay was hosted to promote awareness on the importance of the safe disposal of sensitive documents and garnering support for two local chariti...

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News Article

December 21, 2016
Junk status

Standard & Poor's (S&P), the world's largest credit ratings agency, yesterday downgraded The Bahamas' sovereign credit rating to sub investment-grade level, widely considered "junk status", in a grim economic report on the country's fiscal health and future.
The international ratings giant dropped the credit rating by one notch to "BB+/B" from "BBB-/A-3", along with a threat to lower the rating ov...

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News Article

December 28, 2016
Rolle: Central Bank monitoring state of correspondent banking

Governor of The Central Bank of The Bahamas John Rolle told Guardian Business that the bank is actively monitoring and assessing an "evolving" situation concerning the possible deterioration of relationships between correspondent banks abroad and banks in this jurisdiction, after the International Monetary Fund (IMF) made reference to some concerns over any major disruption to the relationships.
T...

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News Article

January 08, 2017
Bahamas Development Bank earmarks 500,000 for loans to small farmers

The government has earmarked $500,000 in assistance to small farmers across this nation's archipelago. The funding, which will be disbursed through a micro-loan initiative between the Bahamas Development Bank (BDB) and the Bahamas Agriculture and Marine Science Institute (BAMSI), is expected to go toward farm upgrades and agricultural improvements, Assistant Manager of Credit for Bank of The Baham...

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News Article

January 20, 2017
Mayaguana, Acklins to Get Visa Pre-Paid Cards, Gift Cards to Replace Emergency Food Coupons

Qualified residents in Mayaguana will receive their VISA Pre-Paid Cards by February 3, 2017, Minister of Social Services and Community development, the Hon. Melanie Sharon Griffin announced, January 20, 2017 at a Department of Social Services...

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News Article
Scotiabank Named 'Best Commercial Bank Capabilities in The Bahamas' by Euromoney
February 16, 2017
Scotiabank Named 'Best Commercial Bank Capabilities in The Bahamas' by Euromoney

Scotiabank has been recognized for the “Best Commercial Banking Capabilities in The Bahamas” by Euromoney, a leading global financial publication, in its recently released annual Global Private Banking survey...

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News Article

February 22, 2017
Smith lauds banking fees survey, but warns price controls could lead to market distortions

Former Central Bank Governor James Smith lauded the efforts of the Consumer Protection Commission (CPC) in finding out how the public feels about retail banking fees via a recent survey, but noted that price controls in the Bahamian economy could create market distortions.
Speaking with Guardian Business yesterday, Smith agreed with the CPC's move to collect evidence on consumer perceptions of ban...

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News Article

March 29, 2017
Bahamas-based banks implicated in Brazil oil scandal

The Bahamas was named in a scandal sweeping through Brazil's state-owned oil company Petrobras.
Brazilian prosectors announced yesterday the arrest of Roberto Goncalves, a former executive engineering manager of Petrobras, according to the Associated Press. The prosecutors allege offshore accounts in China, Switzerland and The Bahamas were used to receive bribe money that was paid by construction ...

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News Article

March 31, 2017
Fisheries Industry Experiencing Highest Yields in 10-20 years as a result of RBDF Operations

The country’s fisheries industry is experiencing higher yields as a result of the enhanced naval/military operations being conducted throughout The Bahamas by Officers and Marines of the Royal Bahamas Defence Force...

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News Article

April 09, 2017
25th Anniversary Commemorative Stamps for Bahamas Marine Mammal Research Organization

On Monday, April 10, the Post Office Department will release commemorative stamps celebrating the 25th Anniversary of the Bahamas Marine Mammal Research Organization, a Bahamian non-profit organization...

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News Article

April 11, 2017
Fisheries industry experiencing higher yields as a result of RBDF operations

The country's fisheries industry is experiencing higher yields as a result of the enhanced naval/military operations being conducted throughout The Bahamas by officers and marines of the Royal Bahamas Defence Force.
National security officials say the operations have also had the domino effect of making Bahamian fishermen feel more secure at sea due to the heavy presence of defense force personnel...

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Event
D D Art Show
D & D Art Show

Friday 3rd April 2009  6:30 PM

The Central Bank of the Bahamas presents works of art by Dede Brown & Dylan Rapillard.

Exhibition runs April 3rd - May 1st
Bank hours 9am - 4pm Mon - Fri

Event: Opening Reception
Start Time: April 3rd at 6:30pm
End Time: April 3rd at 9:30pm
Where: The Central Bank of the Bahamas


Business Category

News Article
Mrs Claire Hepburn appointed Justice of the Supreme Court
August 15, 2008
Mrs Claire Hepburn appointed Justice of the Supreme Court

His Excellency, the Governor-General, has, on the advice of the Judicial and Legal Service Commission, appointed Mrs Claire Hepburn as a Justice of the Supreme Court and has conferred on the Honourable Mr Justice Lyons the title of “Senior Justice”.

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News Article
Local Swim Federation Gets 8-New Officials
August 26, 2008
Local Swim Federation Gets 8-New Officials

At the recent Royal Bank Olympic Swim Trials Freeport Aquatic Swim Club (FASC) had eight entry-level stroke and turn judges that past the International Swimming Federation officiating course during the month of May worked their first major event at The Bahamas trials

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News Article
Bahamas Financial News Update 9/15/08
September 16, 2008
Bahamas Financial News Update [9/15/08]

Financial stocks led the market volume today and investors traded in three stocks of which one advanced and two remained unchanged. A total of 15,652 shares changed hands. Commonwealth Bank Ltd. (CBL) was the volume leader with 7,652 shares and closed unchanged at $7.00. FirstCaribbean Bank (CIB) rose by $0.05 to $11.60 on a volume of 5,000 shares. Cable Bahamas Ltd. (CAB) traded 3,000 shares and ...

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News Article
Tourism Plan Unveiled
October 10, 2008
Tourism Plan Unveiled

From negotiating lower airfares to The Bahamas, to re-branding the Family Islands and making it easier for visitors to learn more about the country, the Ministry of Tourism's plan to boost tourist arrivals to The Bahamas entails a multi-layered approach

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News Article

November 01, 2008
25 and counting....

With a swell of entries this year that threatens to overflow out of the Central Bank's main gallery, the Art Competition and Exhibition's 25th year is reminiscent of its earliest. When the Central Bank held its first Art Competition and Exhibition in 1984, it created a stir that attracted a slew of works from young and talented hopefuls.

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News Article
DPM tells Oxford Business Group Bahamas economy stable
December 05, 2008
DPM tells Oxford Business Group Bahamas economy stable

Deputy Prime Minister and Minister of Foreign Affairs the Hon. Brent Symonette met with Oxford Business Group representatives for ‘The Report: Bahamas 2009’ to give an insight into the Bahamian economy in the face of a global recession.

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News Article
McKinney, Bancroft and Hughes partner with Oxford Business Group for The Report: The Bahamas 2009
December 11, 2008
McKinney, Bancroft and Hughes partner with Oxford Business Group for The Report: The Bahamas 2009

McKinney, Bancroft and Hughes, the leading international Bahamian law firm, has signed an agreement with Oxford Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, to act, as official legal research partner for The Report: The Bahamas 2009.

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News Article
Senator Katherine Smith will open 14th annual art exhibition
February 10, 2009
Senator Katherine Smith will open 14th annual art exhibition

The art works of well known and emerging artists of Grand Bahama’s artistic community will be officially unveiled Friday February 13th at the Glory Banks Art Gallery at the Rand Nature Centre by Senator Katherine Smith.

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News Article
Carnival exec to tout cruise opportunities for Grand Bahama
February 10, 2009
Carnival exec to tout cruise opportunities for Grand Bahama

Giora Israel, Senior Vice President of Ports & Destination Development for Carnival Corporation & PLC, the world’s largest cruise line, is slated to address the 11th Annual Grand Bahama Business Outlook in Freeport, Grand Bahama on February 23 at the Westin Sheraton Our Lucaya.

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News Article
Bahamas looks forward to 'continued mutually beneficial relations' with China
February 19, 2009
Bahamas looks forward to 'continued mutually beneficial relations' with China

Greetings by Rt. Hon. Hubert A. Ingraham Prime Minister at Dinner in Honour of H.E. Hui Liangyn Vice Premier, State Council People’s Republic of China 17 February 2009.

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News Article
GB Port Authority President addresses Grand Bahama Business Outlook
February 23, 2009
GB Port Authority President addresses Grand Bahama Business Outlook

Remarks by Ian B. A. Rolle, President, The Grand Bahama Port Authority Ltd at Grand Bahama Business Outlook Monday, 23rd February 2009

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News Article
Prime Minister gives Caribbean constituency closing statement at IDB/IIC meeting in Colombia
March 31, 2009
Prime Minister gives Caribbean constituency closing statement at IDB/IIC meeting in Colombia

50th Annual IDB/IIC Meeting Statement, On Behalf of the Caribbean Constituency: Barbados, Bahamas, Guyana, Jamaica and Trinidad and Tobago
Rt. Hon. Hubert Ingraham, Prime Minister of the Commonwealth of The Bahamas
Monday, March 30, 2009

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News Article
Abaco Markets Chairman and Vice-Chairman set to retire - nominating a new generation of leaders to move company ahead
April 30, 2009
Abaco Markets Chairman and Vice-Chairman set to retire - nominating a new generation of leaders to move company ahead

NASSAU, Bahamas -- Abaco Markets Limited Chairman R. Craig Symonette and Vice-Chairman Frank Crothers are set to retire from their respective positions after 20 years – recently indicating that they will not offer themselves for those positions at the Company’s next Annual General Meeting.

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News Article
Derek Newbold appointed Business Development Manager at GBPA
May 03, 2009
Derek Newbold appointed Business Development Manager at GBPA

Freeport, Grand Bahama Island - The Chairman and President of The Grand Bahama Port Authority, Limited are pleased to announce the appointment of Mr. Derek O. Newbold as Business Development Manager for the GBPA Group of Companies effective Monday, 4th May 2009.

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