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Banks
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News Article
September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy 

The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.

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News Article
June 23, 2023
Central Bank urges banks to develop plans to manage risk 

The Central Bank of The Bahamas (CBOB) yesterday released a framework for commercial banks to have in place enterprise risk management (ERM) moving forward, the CBOB said in a press statement. The CBOB said the release of the guidance notes means supervised financial institutions (SFIs) - commercial banks - will be required to submit their ...
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Event
Town Hall Meeting Acklins Hosted by Bank Development Bank

Friday 28th September 2018  6:30 PM

In continuation of fulfilling its mandate to expand the Bahamian economy, The Bahamas Development Bank (BDB) travels to Acklins, Crooked Island and Samana Cay, to advance its program to industrialize cascarilla. A town hall meeting will be held in Acklins on September 28th, 2018, 6:30pm at the Spring Point Community Center.

During the visit, participants will be invited to explore the potential...


News Article
June 30, 2021
Clearing Banks Association: Banks will turn the corner by third quarter

Clearing Banks Association President Kenrick Brathwaite said he believes local banks will start to turn a corner by the third quarter of 2021, after significant losses in 2020 due to increased provisions for loan impairments and rising arrears.

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News Article
August 19, 2020
Central Bank admonishes banks involuntarily using govt assistance for loan payments

In the wake of public outcry, the Central Bank of The Bahamas (CBOB) stated on Monday that it does not endorse the involuntary redirection of unemployment benefits or other government-funded assistance payments toward loan payments at lending institutions. The CBOB stated it has become aware of recipients of the government's various COVID-19 relief and assistance ...

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News Article
May 20, 2019
Central Bank, Clearing Banks Association to host financial literacy fair at Fusion Superplex

The Central Bank of The Bahamas, in collaboration with the Clearing Banks Association (CBA), will host the first Get Money Smart Bahamas Financial Literacy Fair on Saturday, May 25, 2019 at Fusion Superplex, John F. Kennedy Drive and Gladstone Road. At the event, the hosts [...]
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News Article
May 29, 2012
Commonwealth Bank expands bank card product

Commonwealth Bank has entered the prepaid and gift card markets with the introduction of its MasterCard Prepaid Card and MasterCard Gift Card.
Touted as "convenience and gift giving mastered", the latest offerings in the bank's suite of bank card products are expected to appeal to a broad base of consumers seeking a smart alternative to cash and the traditional credit card, but with equal buying p...

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Business Category
Banks (Offshore)
Business Category