Search results for : loans
February 11, 2019
Hungary tries for baby boom with tax breaks and loan forgiveness
Hungarian women with four children or more will be exempted for life from paying income tax, the prime minister has said, unveiling plans designed to boost the number of babies being born...
Bahamas Government signs $10,109.000 loan
May 18, 2010
Bahamas Government signs $10,109.000 loan
The signing of a loan of intent for infrastructure projects in two Family Islands supports The Bahamas Government?s ?Family Islands Transport Sector Enhancement Project?, the Hon Zhivargo Laing, Minister of State for Finance and Chairman of the Board of Governors of the Caribbean Development Bank (CDB) said
Turnquest criticises 'misleading' reports on loans
October 14, 2020
Turnquest criticises 'misleading' reports on loans
FINANCE Minister Peter Turnquest yesterday criticised reports accusing the government of acquiring loans from banks caught up in controversy, insisting such claims are "very incorrect" and "misleading"...
So far 200-plus apply for business continuity loan
March 30, 2020
So far 200-plus apply for business continuity loan
Edison Sumner.In excess of 200 businesses have already applied for the government's Business Continuity Program, which provides a portion of a $20 million loan facility to micro, small and medium-sized enterprises (MSMEs). And the numbers are expected to grow, according to Edison Sumner, who is the [...]
The post So far 200-plus apply for business continuity loan appeared first on The Nassau Guard...
March 30, 2020
More than 600 businesses apply for 14 million in loans
Peter Turnquest.To date 616 businesses have requested a total of $14.88 million from the government's Business Continuity Program for micro, small and medium enterprises (MSMEs), Deputy Prime Minister and Minister of Finance Peter Turnquest revealed today...
March 07, 2011
8.9m FINCO boost through loan provision policy change
By NEIL HARTNELL
Tribune Business Editor
A change in its loan provisioning policy resulted in Finance Corporation of the Bahamas (FINCO) reducing credit loss provisions by $8.9 million during its 2010 financial year, a key factor behind net income quadrupling to more than $18 million, even though non-performing loans exceeded 10 per cent of its total portfolio.
The BISX-listed mortgage lender, ...
September 22, 2020
Banker: Continued loan deferrals would be catastrophic for banks
While individual banks have developed their own policies regarding loan deferral assistance for borrowers still adversely impacted by the COVID-19 pandemic, President of the Clearing Banks Association Kenrick Brathwaite said continued deferrals into 2021 would be catastrophic for the banking sector. In March The Central Bank of The Bahamas mandated that lending institutions offer loan ...The post ...
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 ...
October 03, 2016
IDB: Unemployment, bad loans continue to drag economy
The Inter-American Development Bank (IDB) has warned that double-digit unemployment and the elevated share of non-performing loans (NPLs) continue to constrain private credit borrowing in The Bahamas.
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
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