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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...
Bahamians with any question about when the Central Bank's discount rate reduction would impact them have their answer. The Clearing Bank's Association (CBA) has announced a 75 basis point reduction in the prime rate.
Effective June 8th, the prime lending rate has fallen to 4.75 percent from 5.5 percent. The news follows a policy signal from The Central Bank of The Bahamas that the disc...