Search results for : loans
January 30, 2024
"Very good progress" made towards establishment of mobile collateral registry
NASSAU, BAHAMAS — Central Bank Governor John Rolle said on Monday that "very good progress" has been made towards the establishment of a mobile collateral registry, noting that it would not limit the kinds of assets or collateral individuals can use as long as they are quantifiable and can be secured. "We are at the [...]
Major Transformation of MyBTC Mobile App
January 26, 2024
Major Transformation of MyBTC Mobile App
BTC is committed to constantly evolving its customer care and creating solutions to make customer interactions as seamless and easy as possible. The company has introduced the upgraded My BTC mobile app, with tons of new features, and new ones on the way.
January 26, 2024
PM defends Uganda trip, emphasizing focus on trade relations and technical exchange
NASSAU, BAHAMAS — Prime Minister Philip Davis stated yesterday that his recent trip to Uganda was aimed at fostering trade relations and collaborating on technical exchange. He emphasized that the Bahamas must continue to forge relations and ensure a seat at the table to contribute to the design of the new world order. Davis, who [...]
January 19, 2024
IDB highlights Bahamas' foreign debt surge over last two decades
NASSAU, BAHAMAS — A recently released report from the Inter-American Development Bank (IDB) highlights a significant surge in The Bahamas' foreign debt, escalating from 13.6 percent to 44.4 percent over the last two decades, as of 2023. The report, titled "Dealing with Debt in the Caribbean," is part of the Caribbean Economics Quarterly report series. [...]
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
December 12, 2023
From Clerk to Managing Director- Bank Leader Gives Tips for Success
During an inspiring women's empowerment forum, Dr. Jacqui Bend, CIBC FirstCaribbean’s Managing Director, shared her remarkable journey from humble beginnings to leading one of the region's prominent banks.
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
December 06, 2023
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a "moderate pace," supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy [...]
Sandals Reinvents All-inclusive, Adding Complementary Off-Property Fine Dining Options in The Bahamas
November 15, 2023
Sandals Reinvents All-inclusive, Adding Complementary Off-Property Fine Dining Options in The Bahamas
Sandals, the hospitality brand synonymous with luxury and romance, this week unveiled a new guest experience that redefines the world of all-inclusives, becoming the first to invite guests to dine off-property at carefully selected fine restaurants in The Bahamas and picking up the tab for them to do so.
November 15, 2023
Bank of The Bahamas records $4.1 million net income in Q1 of its new fiscal year
NASSAU, BAHAMAS — The Bank of The Bahamas saw a $4.1 million net income for the first quarter of its new fiscal year, a $1.6 million increase over the previous year. Neil Strachan, the bank's Managing Director commenting on BOB's performance for the period ending September 30th noted that the bank had recorded a net income [...]
November 09, 2023
BAIC and SBDC Sign MOU to Facilitate Financial Assistance for SME's
A Memorandum of Understanding was signed on November 7, 2023 between the Bahamas Agricultural and Industrial Corporation (BAIC) and the Small Business Development Centre (SBDC) to assist entrepreneurs with the necessary capital for development of their small and medium-sized businesses (SME's).
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