Search results for : loans
Kingdom of Saudi Arabia provides $10 million loan to boost TDC business incubation centers
June 20, 2023
Kingdom of Saudi Arabia provides $10 million loan to boost TDC business incubation centers
NASSAU, BAHAMAS — The government has agreed to a $10 million loan facility from the Kingdom of Saudi Arabia to fund the Tourism Development Corporation's Business Incubation Centres Deputy Prime Minister Chester Cooper revealed yesterday. Cooper during his budget communication in Parliament said: "I am pleased to announce that the Kingdom of Saudi Arabia and [...]
Govt seeks to use $20m loan to help fight crime
January 28, 2016
Govt seeks to use $20m loan to help fight crime
MINISTER of National Security Dr. Bernard Nottage yesterday outlined how the Christie administration would use a $20m loan from the Inter-American Development Bank to fight crime.
New fund acquires 11M in loan assets
March 02, 2012
New fund acquires 11M in loan assets
A new fund by Sterling Financial Group has acquired nearly $11 million in loans after launching earlier this week.
The New Providence Income Fund, the third created by the Bahamas-based financial services provider, has made five commitments to a mix of commercial and residential properties.
David Kosoy, the chairman and CEO of Sterling Financial Group, inspected an industrial property in Miami yes...
June 09, 2023
Thompson say that Davis administration's budget doesn't account for $110m BPL loan
KWASI Thompson, former State Minister for Finance, said the Davis administration presented an incomplete budget that does not include all estimates as required by law.
November 04, 2015
Resolve chair: Transfer of more toxic loans 'possible'
Former Minister of State for Finance and Chairman of the board of directors of Bahamas Resolve Ltd. James Smith yesterday stated that while it "might make sense" in the short term for Bank of The Bahamas (BOB) to move an additional portion of its non-performing loan portfolio over to Resolve...
China Loans Push Poor Countries To The Brink
May 19, 2023
China Loans Push Poor Countries To The Brink
CHINA - A dozen poor countries faces economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans.
Loan arrears increase in March
May 05, 2023
Loan arrears increase in March
After consecutive months of declines, loan arrears increased during the month of March, according to the most recent data from The Central Bank of The Bahamas (CBOB).
May 05, 2023
Loan approvals rise as bank lending conditions improve in 2022 second half
NASSAU, BAHAMAS — The Central Bank's most recent survey of commercial banks revealed that bank lending conditions and demand for credit improved during the latter half of 2022, with the number of loan applications approved rising nearly 20 percent year-on-year. The results of the regulator's Bank Lending Conditions Survey (BLCS) survey on which sought information [...]
May 02, 2023
Central Bank survey reveals increase of consumer loans approval rate
The approval rate of consumer loans increased to 92 percent during the second half of 2022, the newest data from the Central Bank of The Bahamas' (CBOB) Bank Lending Conditions Survey reveals.
April 19, 2023
Govt debt up $100 million on upcoming BPL loan repayments
Government net debt increased $100 million in February to cover upcoming loan repayments for Bahamas Power and Light (BPL), Financial Secretary Simon Wilson said yesterday.
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