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Credit Union Clarification
November 15, 2011
Credit Union Clarification
In yesterday's Tribune Business, it was reported that Bahamian credit unions had been deterred from making microfinance loans due to delinquency rates that hit 50 per cent.
50 Deliquencies Deter Credit Unions on Microfinance
November 14, 2011
50 Deliquencies Deter Credit Unions on Microfinance
BAHAMIAN credit unions "must look at" getting back into microfinance lending, a leading executive said yesterday, having recoiled from the sector due to high loan delinquencies that at one point exceeded 50 per cent of the portfolio.
Fidelity Eyes 'Record Year'
August 01, 2011
Fidelity Eyes 'Record Year'
FIDELITY BANK (Bahamas) is eyeing a record year for profitability, believing its second half results will be "as good or better than" the 2011 first half's $2.208 million net income. It is also targeting an increased return on equity of 15-20 per cent in 2012.
Anwer Sunderji, the BISX-listed financial institution's chief executive, told Tribune Business that the 7.2 per cent or $15.352 million ...
2.9m FamGuardreceivables riseraises concerns
July 06, 2011
2.9m FamGuardreceivables riseraises concerns
RoyalFidelity Capital Markets yesterday said it currently had a 'Sell' recommendation on FamGuard Corporation's stock, expressing concern over the build up in premium receivables and relatively low 12 per cent loss provisioning for delinquent mortgage loans.
Spending irregularities reported after Bahama Games
April 18, 2024
Spending irregularities reported after Bahama Games
$5.5 million spent on Bahamas Jubilee Games, $1 million more than government allocation NASSAU, BAHAMAS — The Auditor General's Report examining the accounts of The Bahamas Jubilee Games has revealed that the government spent $5.5 million funding the games, just over $1 million more than the government's initially allocated amount. The Auditor General also raised [...]
IDB approves US$60 million conditional credit line for Bahamas sustainable development projects
April 04, 2024
IDB approves US$60 million conditional credit line for Bahamas sustainable development projects
NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has approved a US$60 million Conditional Credit Line for investment projects that aim to foster sustainable development in the Bahamas. The initiative seeks to jump-start micro, small, and medium-sized enterprises (MSMEs) within the country's blue economy, which, as per IDB estimates, accounts for 21.5 percent of the [...]
Bahamian firms cite access to finance as major or severe obstacle to conducting business
March 26, 2024
Bahamian firms cite access to finance as major or severe obstacle to conducting business
NASSAU, BAHAMAS — Bahamian firms have cited access to finance as a major or severe obstacle to conducting business, with only a small percentage reporting having a line of credit to access short-term funding. The Inter-American Development Bank's (IDB) recently released 2024-2028 country strategy for The Bahamas pointed to the Innovation, Firm Performance, and Gender [...]
March 22, 2024
MIYA Bahamas Celebrates ‘World Water Day’ with St. Anne’s Primary School
Sharing the importance of water conservation and the significance it plays in everyone’s life, MIYA Bahamas executives and employees made a special visit to St. Anne’s Primary School on Thursday, March 21 in celebration of World Water Day 2024.
Official Statement from the Office of Prime Minister on the Purchase of a State Vehicle
March 21, 2024
Official Statement from the Office of Prime Minister on the Purchase of a State Vehicle
The Office of the Prime Minister wishes to provide clarity regarding the state vehicles in use by this office. State vehicles are the property of the Bahamian people and are in service across multiple administrations.
March 21, 2024
Policies, technical assistance, data and research needed to bolster agricultural sector, says Minister at Guyana regional conference
Small Island States such as the Bahamas must address the importance of Agrifood systems in order to maintain sustainability. This was the message conveyed by the Minister of Agriculture and Marine Resources during the 38th Latin Agrifood Systems Transformation in Small Island Developing States Latin America and Caribbean Regional Conference, held in Guyana, March 19, 2024.
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