Search results for : loans
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.
China Loans Push Poor Countries To The Brink
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
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).
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 [...]
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.
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.
IDB approves $160 million loan to The Bahamas to improve natural disaster risk governance
IDB approves $160 million loan to The Bahamas to improve natural disaster risk governance
NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has approved a US$160 million loan to The Bahamas for policy reforms to improve its natural disaster risk governance. According to the IDB, the operation seeks to create better governance conditions for implementing public policies for risk identification and reduction, disaster preparedness, recovery, and financial protection...
Caribbean Development Bank approves Bahamas $100 million loan
NASSAU, BAHAMAS- The Caribbean Development Bank (CDB) has announced that it has committed US$100 million in support to The Bahamas as the country charts a path to economic recovery and resilience following the back-to-back disasters of Hurricane Dorian and the COVID-19 pandemic. The Bank's Board of Directors approved the policy-based loan (PBL), the first in [...]
MOU signed between BDB and BAIC to Fund Agricultural Loans
A Memorandum of Understanding (MOU) was signed between the Bahamas Development Bank (BDB) and the Bahamas Agricultural and Industrial Corporation (BAIC) at the bank on Robinson Road and Key West Street on Tuesday, March 21, 2023.
Deltec Bank explains parent company's $50 mil. loan from FTX
Deltec Bank and Trust Limited released a statement yesterday confirming that its parent company, Deltec International Group (DIG), received a short-term loan from FTX. This was revealed yesterday in a Forbes article, which explained that the loan amount was $50 million. The Deltec statement said DIG has been "attempting to repay the loan in full since ...
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