Search results for : loans
July 21, 2023
Govt signs $10 mil. loan facility with Saudi Arabia for tourism development
The Bahamas signed a $10 million loan facility with the Kingdom of Saudi Arabia that will help this country to enhance the economic development of the tourism industry, through the development of the Tourism Development Corporation's (TDC) business incubation centers, the Ministry of Tourism, Investments and Aviation announced in a statement yesterday. The statement explai...
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
July 21, 2023
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
NASSAU, BAHAMAS — The Ministry of Tourism yesterday announced that the Kingdom of Saudi Arabia and the Government of The Bahamas have executed a $10 million loan agreement to fund the Tourism Development Corporation's Business Incubation Centres. The project includes the construction and rehabilitation of two-story facilities on New Providence, Grand Bahama and Exuma including [...]
U.S. Court Strikes Down Student Loan Plan
July 01, 2023
U.S. Court Strikes Down Student Loan Plan
USA - The U.S Supreme Court has struck down US President Joe Biden's proposal to wipe out billions in student debt.
65 of BDB's loans non-performing
January 08, 2018
65 of BDB's loans non-performing
Chairman of the Bahamas Development Bank (BDB) Lynden Nairn revealed yesterday that 65 percent of the bank's loans are non-performing. Speaking with Guardian Business yesterday, Nairn said the value of those loans is an estimated $22 million in principal and that a significant amount of [...]
RBC touts 100 mil. in commercial loans in 2017
January 09, 2018
RBC touts 100 mil. in commercial loans in 2017
Last year Royal Bank of Canada (RBC) saw an uptick in its business clients borrowing to expand their companies, the bank's Head of Business Banking for the Northern Caribbean Kevin Darling said recently, adding that RBC did $100 million in commercial loans. Darling said RBC [...]
January 31, 2018
Local firm gets 1 million IDB recovery loan to launch factoring product
Omni Financial Group Limited will be the first Bahamian private company to receive a recovery loan of $1 million from the Inter-American Development Bank (IDB), in an effort to launch its new accounts receivable financing (factoring) product, combined with a digital platform, to help expand [...]
90m in loans to improve coast and airport
February 08, 2018
90m in loans to improve coast and airport
THE government yesterday presented a resolution to Parliament to facilitate loans from the Inter-American Development Bank to finance some $90m in projects in support of coastal management, airport infrastructure and various skill development initiat
'Some results accomplished' with IDB landfill loan
February 14, 2018
'Some results accomplished' with IDB landfill loan
With fires at the New Providence Landfill continuing to be an issue, country representative for The Bahamas for the Inter-American Development Bank (IDB) Maria Florencia Attademo-Hirt, said while $33.5 million borrowed from the institution in 1999 for a solid waste management project did not accomplish [...]
February 14, 2018
IDB rep: 90 mil. loan had already been approved between 2016 and 2017
Inter-American Development Bank (IDB) Country Representative Maria Florencia Attademo-Hirt sought to explain yesterday the details behind the government's recent announcement to borrow $90 million for three projects, which she said had already been approved by the IDB's board between the years 2016 and 2017. The [...]
March 02, 2018
Q's Investment Tips How to pay off your student loans in a timely manner
For many millennials in The Bahamas, student loans have been a proverbial shadow hanging over our heads. It's a financial burden that takes years, and for some, decades, to break free of. On average, the total repayment amount on student loans in The Bahamas is [...]
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