Search results for : mortgage loans
Halkitis Defends Borrowers' Bill
September 06, 2012
Halkitis Defends Borrowers' Bill
Port Of Spain, Trinidad -- State Minister of Finance Michael Halkitis is allaying concerns surrounding the Borrowers' Protection Bill ahead of its debate in the House of Assembly.
Central Bank: Q1 tourism arrivals rose 10.8
May 07, 2012
Central Bank: Q1 tourism arrivals rose 10.8
The Bahamian economy is showing signs of life in the first quarter, but it could take some time before that sentiment is felt on the ground.
According to the latest report from The Central Bank of The Bahamas, tourism numbers are showing encouraging gains.
Where do we go from here Pt. 2
February 09, 2012
Where do we go from here Pt. 2
A major obstacle that youth and our emerging leaders face is the lack of adequate education and/or opportunities to pursue higher education.
? During 2009-2010, a major topic of discussion was subsidies provided to learning institutions.? The government announced that it was decreasing its subsidy to independent schools by 20 percent.?
BOB Books 3.7M Profits Amid Expansion
November 16, 2011
BOB Books 3.7M Profits Amid Expansion
The Bank of The Bahamas (BOB) recorded $3.66 million in net income available to common shareholders for its 2010/2011 fiscal year, down 26.0 percent from the previous year as a credit loss expenses spike swallowed up strong growth in operating income.
Commonwealth Eyes 'Fourth Best Year Ever'
November 20, 2011
Commonwealth Eyes 'Fourth Best Year Ever'
COMMONWEALTH Bank is targeting "the fourth best year we've ever had or better" in 2011, its managing director saying that a strong write-off policy and product mix weighted towards consumer loans had enabled it to mitigate the recession's worst effects.
Speaking after the BISX-listed financial institution had unveiled a 30.7 per cent net income decline to $9.858 million for the 2011 third quart...
RBC Finco reports nearly 48 percent decline in net income for 2023, amounting to $21.1M
April 29, 2024
RBC Finco reports nearly 48 percent decline in net income for 2023, amounting to $21.1M
NASSAU, BAHAMAS — RBC Finco saw a nearly 48 percent drop in net income for 2023, which, according to the BISX-listed mortgage lender's chairman, was primarily driven by lower releases of provisions for credit losses compared to the prior year. Chris Ronald noted to shareholders in the mortgage lender's 2023 annual report that for the [...]
November 02, 2023
CIBC FIRSTCARIBBEAN TO SELL ITS BANKING ASSETS IN CURAÇAO AND ST. MAARTEN
FirstCaribbean International Bank Limited has announced that its wholly-owned subsidiary, FirstCaribbean International Bank (Cayman) Limited (“FCIB Cayman”), has agreed to sell its banking assets in Curaçao and St. Maarten to the Curaçao-based Orco Bank.
Why Life Insurance Matters in The Bahamas
September 07, 2023
Why Life Insurance Matters in The Bahamas
Co-written By: Tamara Desmangles, Life Manager, CG Atlantic Medical & Life & Jonathan Robinson, Sales Manager, Coralisle Group Ltd. (PAID ADVERTORIAL)
Private sector credit up $6 million
May 31, 2023
Private sector credit up $6 million
Private sector credit increased by $6 million during the month of April, following a double digit falloff during the same period a year ago, The Central Bank of The Bahamas revealed yesterday.
Loan arrears increase in March
May 05, 2023
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).
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