Search results for : loans
Bahamians Borrowers Impacted by COVID-19 To Get Three Month Break on Loans Payments with Banks & Credit Unions
March 24, 2020
Bahamians Borrowers Impacted by COVID-19 To Get Three Month Break on Loans Payments with Banks & Credit Unions
~Business and consumer loans ...Loan Accounts must be in good standing to benefit...
1m in Grants and Loans for Hurricane Relief
November 02, 2012
1m in Grants and Loans for Hurricane Relief
The government has negotiated nearly one million dollars in grants and loans for Hurricane Sandy relief efforts.
Banks write-off 45min loans
June 01, 2011
Banks write-off 45min loans
Bahamian commercial banks collectively wrote-off $45 million in loans during the first four months of 2011, data published yesterday by the Central Bank of the Bahamas revealed, with industry loan loss provisions hitting $284.7 million.
The Central Bank's monthly report on economic developments for April showed that the commercial banks increased loan loss provisions by $11.3 million during tha...
July 29, 2019
Central bank governor laments loan repayment delinquency rate
The rate of loan repayments delinquency in The Bahamas – despite a recent downward trend – is still beyond “terrifying” from an international perspective, Governor of the Central Bank of The Bahamas (CBOB) John Rolle said on Friday.
June 13, 2019
PAYDAY PAYBACK: Student loan debt could force govt to target salaries
THE Ministry of Education is seeking to garnish the wages of civil servants who have failed to repay the Education Loan Authority as it aims to recover over $83m in delinquent money.
Govt approved for 28m loan to improve water supply
December 22, 2015
Govt approved for 28m loan to improve water supply
THE Caribbean Development Bank has approved a $28m loan to assist the government in improving water supply systems in communities in New Providence and the Family Islands, CDB officials said yesterday...
Bad loan recovery to take 2-3 years
July 18, 2011
Bad loan recovery to take 2-3 years
It will take "two-three years at a minimum" for the Bahamian commercial banking industry to work out its $1.194 billion total bad loan portfolio and reduce this to close to pre-recession levels, Tribune Business has been told.
Central Bank issues alert over consumer loan scam
March 19, 2024
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
February 08, 2024
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...
February 07, 2024
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 [...]
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