Search results for : banks
March 22, 2023
Bank-financed private construction activity remains constrained, states Central Bank
Although bank approvals for new construction homes increased in the fourth quarter of 2022, the growth was still lower than the previous year, according to Central Bank data.
March 08, 2023
Justice rules RBC excessive in freezing organization's bank accounts
A Supreme Court judge has ruled that a local commercial bank restricted a women's rights advocacy organization for an inordinate and excessive length, when it froze that organization's bank accounts for four months in 2016.
Inflation rose 5.6% in 2022, reveals Central Bank
March 01, 2023
Inflation rose 5.6% in 2022, reveals Central Bank
On average, consumer prices rose 5.6 percent in 2022, up from the 2.9 percent seen the previous year, according to the most recent data released by The Central Bank of The Bahamas (CBOB).
February 27, 2023
Rolle on Bahamian-owned banks: think bigger than The Bahamas
The key to developing more Bahamian-owned commercial banks is for not only a viable business plan and model to be executed, but for banking services to be provided beyond The Bahamas, Governor of the Central Bank of The Bahamas John Rolle said last week on Thursday.
February 01, 2023
Banks must hit key performance indicators before checks eliminated
Central Bank Governor John Rolle confirmed earlier this week that more work will be done to ensure local banks are able to settle digital transactions faster, with better cost efficiency and in greater numbers, before it moves to completely eliminate checks.
January 18, 2023
PM on de-risking: banks must focus on the common good
Prime Minister Philip Davis, in his capacity as Caribbean Community (CARICOM) chair, appealed yesterday to financial institutions to focus more on the "common good" rather than profit margins, as the region continues to suffer from de-risking.
January 16, 2023
World Bank projects 4.1% growth for Bahamas in 2023, 3% in 2024
Citing the possibility of a sharper-than-projected global slowdown, the World Bank in its just released Global Economic Prospects 2023 projected 4.1 percent economic growth for The Bahamas in 2023, nearly half of the eight percent growth projected in 2022.
Fowlco Announces Expansion Through Partnership With RF Bank And Trust And B2 Investment Holdings Limited
November 29, 2022
Fowlco Announces Expansion Through Partnership With RF Bank And Trust And B2 Investment Holdings Limited
Grand Bahama based maritime and logistics leader, Fowlco Maritime Projects &Services (FMPS) recently announced a strategic partnership with RF Bank & Trust andB2 Investment Holdings Limited, a local family office lead by Franklyn Butler.
Caribbean Development Bank mission team pays courtesy call on Ministry for Grand Bahama
October 04, 2022
Caribbean Development Bank mission team pays courtesy call on Ministry for Grand Bahama
The Caribbean Development Bank mission team paid a courtesy call on Minister for Grand Bahama, the Hon. Ginger Moxey on Friday, September 30, 2022 before taking a tour of the schools in East Grand Bahama and visiting the proposed site for a new comprehensive school for that area.
August 03, 2022
Rolle: Central Bank addressing 'pain points' surrounding elimination of checks
Central Bank Governor John Rolle said yesterday that the bank is "very cognizant of the pain points that need to be addressed", particularly surrounding electronic payments in lieu of checks. He was responding to questions posed by Guardian Business regarding concerns of the private sector surrounding the elimination of checks.
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