Search results for : loans
CIBC Trust Company (Bahamas) Limited
CIBC Trust Company (Bahamas) Limited
West Bay Street, Goodmans Bay Corporate Centre
Nassau
Nassau / Paradise Island, Bahamas
BankBoston Trust Co Ltd
BankBoston Trust Co Ltd
Charlotte & Shirley Sts
Nassau
Nassau / Paradise Island, Bahamas
Central Bank issues alert over consumer loan scam
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 [...]
WHOLLY UNACCEPTABLE: Opposition rejects delay in releasing details of $500 million loan
WHOLLY UNACCEPTABLE: Opposition rejects delay in releasing details of $500 million loan
NASSAU, BAHAMAS — The Opposition continues to demand transparency and full disclosure regarding a recent $500 million Inter-American Development Bank (IDB)-backed loan, with its Shadow Finance Minister calling it "wholly unacceptable" to delay the release of those details. In mid-January, the government announced what it described as a "landmark transaction" and the country's largest credit-enha...
Government to provide full disclosure on $500 million IDB backed loan says Halkitis
NASSAU, BAHAMAS — Economic Affairs Minister Michael Halkitis said that the government will fully disclose all details regarding the $500 million commercial loan secured via an Inter-American Development Bank guarantee last month, as mandated by law, noting that these details will be included in the upcoming quarterly debt statistical report. The Opposition has continued to [...]
Loan loss provisions for banks slightly decrease
Loan loss provisions for banks slightly decrease
Loan loss provisions for banks have decreased by $1.4 million according to the latest Central Bank report on the economy, but the change still isn’t a solid indicator of improvement in that area according to a former state minister for finance.
James Smith told Guardian Business yesterday that although loan loss provisions have declined, factors other than an improvement on the consumer end ...
Opposition wants answers over $500 million loan
Opposition wants answers over $500 million loan
NASSAU, BAHAMAS — The Opposition is also voicing concern over the government's recent announcement regarding a $500 million commercial loan secured via an Inter-American Development Bank (IDB) guarantee. Kwasi Thompson, the Opposition's Shadow Finance Minister, said that the Ministry of Finance's statement on the matter "fails any reasonable measure of transparency and clarity." "The Governmen...
The Bahamas secures $500 million 10-year commercial loan via IDB guarantee
Well-known banker calls for more transparency on interest rates and guarantee conditions. NASSAU, BAHAMAS — The Bahamas has closed on a $500 million 10-year commercial loan leveraging a policy-based Inter-American Development Bank (IDB) guarantee the government has announced, with a well-known banker noting that its announcement lacked several vital details such as the interest rate [...]
The Bahamas closes a $500m international loan benefitting from a first-loss IDB guarantee
The Bahamas closes a $500m international loan benefitting from a first-loss IDB guarantee
The Commonwealth of The Bahamas successfully closed a $500 million 10-year international commercial loan benefitting from a first-loss Policy-Based Guarantee provided by the Inter-American Development Bank (“the IDB”, S&P [AAA/Stable]) and arranged by Banco Santander, S.A. (New York Branch) as Global Coordinator and Mandated Lead Arranger (“Santander”, S&P [A+/Stable]).
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
NASSAU BAHAMAS — The Liwathon Group, a global leader in the energy sector, has announced that it has secured approval from the US Export-Import Bank of the United States (EXIM) for a loan guarantee exceeding $71.3 million, which will support the upcoming relaunch of the South Riding Point energy terminal on Grand Bahama. Commenting on [...]