Search results for : loans
April 13, 2017
PLP proposes interest rate cap on loans for government workers
TO reduce the debt burden on Bahamians, the Progressive Liberal Party (PLP) says it will cap the level of interest that may be charged on loans taken out by government workers and paid through salary deductions if re-elected.
Mortgage loans: 20 in arrears
February 02, 2011
Mortgage loans: 20 in arrears
By NEIL HARTNELL
Tribune Business Editor
The value of mortgage loan arrears and non-performing home loans in the Bahamas have both more than doubled in percentage terms over a five-year period, data obtained by Tribune Business shows, with more than 20 per cent of the almost $3 billion worth of mortgages now in default.
Some 20.71 per cent of that $2.984 billion sum lent in mortgage loans...
Commonwealth Bank Low Rate of Non-Performing Loans Helps Drive 3rd Qtr Profits to $47.3 Million
December 21, 2016
Commonwealth Bank Low Rate of Non-Performing Loans Helps Drive 3rd Qtr Profits to $47.3 Million
Commonwealth Bank recently reported profits of $47.3 million for the nine-month period ending September 30. The profits report reflected a 7.6% increase over the same period one year ago when profits stood at $43.9 million....
Christie wants low cost loans for gov't workers
October 17, 2016
Christie wants low cost loans for gov't workers
Prime Minister Perry Christie yesterday indicated that government is seeking to provide low cost loans to government employees who were adversely impacted by Hurricane Matthew.
June 24, 2016
Loan cancellation 'will not affect' college transition to university
THE College of the Bahamas' cancellation of a $16.1m loan from the Caribbean Development Bank will not deter the institution's transition into a university, officials said in a statement last night.
June 22, 2016
16m loan to C.O.B. to support move to university cancelled
A $16m loan granted to the College of the Bahamas from a regional bank to assist in the institution's transition to university status has been cancelled, The Tribune understands.
Minnis calls on MPs to reveal BOB loans
April 20, 2016
Minnis calls on MPs to reveal BOB loans
FREE National Movement Leader Dr. Hubert Minnis yesterday called for all parliamentarians to immediately disclose whether they received any loans from the Bank of the Bahamas (BOB).
April 20, 2016
Demeritte denies confirmation of political influence on BOB loans
Bank of The Bahamas (BOB) Chairman Richard Demeritte yesterday sought to walk back the impression that during the troubled bank's recent annual general meeting (AGM) on the weekend he confirmed that politically influenced loans had been made by the bank in the past.
April 04, 2016
Tight loan conditions slow mortgages, real estate market
President of the Bahamas Real Estate Association (BREA) Carla Sweeting said the real estate market in The Bahamas is "sluggish" because banks have made borrowing difficult.
February 11, 2016
Pintard calls for clarity over loan for senior official
FREE National Movement Chairman Michael Pintard yesterday insisted that Prime Minister Perry Christie and Works Minister Philip "Brave" Davis clarify the circumstance surrounding claims that a former senior government official was granted a substantial loan from the Bahamas Development Bank.
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