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Commonwealth Bank focused on personal banking
February 26, 2015
Commonwealth Bank focused on personal banking
Commonwealth Bank (CB) yesterday announced in its unaudited report for 2014 that it continues to record low levels of nonperforming loans compared to the industry averages.
April 22, 2024
Domestic private sector investment 'under mobilized' says Central Bank Governor
NASSAU, BAHAMAS — The Bahamas remains significantly under-mobilized in domestic private-sector investment, according to Central Bank Governor John Rolle, who also noted that this nation has robust monetary policy safeguards and ample economic capacity to address any needed corrections in public finances. During his address at the CFA Society (Bahamas) Investment dinner, Governor Rolle noted ...
January 06, 2010
Bank of The Bahamas Reports Strong 1st Quarter, Nearly 30% Growth Over Last Year
Bank of The Bahamas International today released first quarter results showing a net profit of $3.6 million for the three months ending September 30, 2009, representing 29% growth over the same period last year.
April 10, 2024
Changes Made to Payroll Process to Prevent Late Payments for PS-PEP Participants
In an effort to improve the payroll issues that have impacted PS-PEP participants, this month theMinistry of Labour and the Public Service, in collaboration with the Ministry of Finance, willintroduce changes to the process that are intended to prevent future delays in payments.
70 profit retention aids RoyalStar rating
January 25, 2011
70 profit retention aids RoyalStar rating
By NEIL HARTNELL
Tribune Business Editor
RoyalStar Assurance's managing director yesterday attributed the insurer's continued top rating to an ever-expanding capital base, with 70 per cent of the $30 million profits earned over the past eight years kept on the balance sheet as retained earnings.
Steve Watson, speaking to Tribune Business after A. M. Best reaffirmed its A- (Excellent) financial ...
Bank unveils its largest dividend
January 27, 2011
Bank unveils its largest dividend
Commonwealth Bank's 6,500 shareholders are set to benefit from an extraordinary dividend that the BISX-listed institution yesterday called the largest in its history.
The dividend of $0.06 per share comes after the bank saw "record earnings" in 2010, according to a release issued yesterday.
The Board of Directors attributed the bank's "extremely strong balance sheet" to a "focus on the effective...
Courts cooperating with the police
January 30, 2011
Courts cooperating with the police
OPERATION Rapid Strike, launched on the night of January 20 by Commissioner of Police Ellison Greenslade, is starting to pay dividends as police target "prolific offenders."
As crime continues to escalate, police are confident that with the cooperation of the courts they can make a tremendous difference by taking repeat offenders out of circulation.
An investigation of most crimes committed toda...
March 04, 2024
Letter to the Editor: Feeding the children is powerdul
Editor, Governments came and left, and prime ministers and many who espoused looking out for the vulnerable pretended to care but showed no interest. Their deeds spoke loudly for them. In recent memory, no gesture has spoken so loudly about our children and their well-being as the National School Breakfast Pilot Programme, which has been implemented [...]
November 03, 2023
Sam Bankman-Fried found guilty on all counts in FTX fraud trial
NASSAU, BAHAMAS — Sam Bankman-Fried, the founder of FTX, has been found guilty of defrauding customers and lenders after a five-week trial. The guilty verdict was delivered by a New York jury on Thursday, with all seven charges against the former crypto billionaire being upheld. The jury deliberated for approximately four hours before reaching their [...]
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