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Banks write-off 45min loans
June 01, 2011
Banks write-off 45min loans
Bahamian commercial banks collectively wrote-off $45 million in loans during the first four months of 2011, data published yesterday by the Central Bank of the Bahamas revealed, with industry loan loss provisions hitting $284.7 million.
The Central Bank's monthly report on economic developments for April showed that the commercial banks increased loan loss provisions by $11.3 million during tha...
April 26, 2024
The Bahamas Endorses Agreements to Join the Development Bank of Latin America and the Caribbean (CAF) to Boost Development
The Honorable Michael Halkitis, Minister of Economic Affairs of The Bahamas, on April 17, 2024, signed two agreements with the Development Bank of Latin America (CAF) to move forward The Bahamas’ full membership in the organization. The signing of the Immunities Exceptions and Privileges Agreement and Share Subscription Agreement are the penultimate steps to membership before the Government form...
April 15, 2024
Corner Bank Swings Into Success With Inaugural Golf Invitational
Cornèr Bank recently hosted its first-ever Golf Invitational at the prestigious Ocean Club Golf Course on Paradise Island. The event brought together valued clients for a day of friendly competition, networking and enjoying breathtaking ocean views.
March 21, 2024
RF Bank renews partnership with BGF and Juniors, pledging 25 thousand for 2024 golf events and talent development in Bahamas
RF Bank & Trust, formerly Royal Fidelity, has renewed its partnership with the Bahamas Golf Federation (BGF) and the Junior Division in support of their golf activities for the year 2024.
Central Bank issues alert over consumer loan scam
March 19, 2024
Central Bank issues alert over consumer loan scam
NASSAU, BAHAMAS — The Central Bank is cautioning the public to avoid falling victim to fake internet ads and social media posts offering loans and other financial services purportedly from the Central Bank of The Bahamas. The regulator, in a notice on the consumer loan alert scam, warned that links associated with these posts should [...]
March 06, 2024
Bahamas Development Bank Launches 50th Anniversary Celebrations
The Bahamas Development Bank (BDB) recently commenced its golden anniversary celebrations with special church services held at Freeport Bible Church and Golden Gates Native Baptist Church, in Grand Bahama and New Providence respectively. Both services marked the beginning of a year filled with commemorations of the bank’s 50 years of financial service and national development.
March 04, 2024
Bahamas Development Bank Launches 50th Anniversary Celebrations
The Bahamas Development Bank (BDB) recently commenced its golden anniversary celebrations with special church services held at Freeport Bible Church and Golden Gates Native Baptist Church, in Grand Bahama and New Providence respectively. Both services marked the beginning of a year filled with commemorations of the bank’s 50 years of financial service and national development.
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
March 01, 2024
Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses
The Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) are excited to announce the signing of a groundbreaking contract aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
January 26, 2024
Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability
NASSAU, BAHAMAS — The Bahamas' fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price stability amidst global inflationary pressures. Central Bank Governor John Rolle highlighted this during his address at the Bahamas Business Outlook Conference at the Baha Mar resort yesterday. Rolle [...]
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
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