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Scotiabank (Bahamas) managing director believes its wealth management business can sustain annual growth rates “north of 20 per cent”, with this segment and corporate commercial clients expected to be its two growth generators for 2013.
Scotiabank (Bahamas) yesterday confirmed that none of its 59 customers who applied for the Government’s Mortgage Relief Plan had actually qualified, with more than 50 per cent lacking the necessary incomes to sustain restructured loans.
The Bahamas Hotel and Tourism Association (BHTA) has elected its 2013-14 leadership team at the 60th Annual General Meeting (AGM), with its president and the minister of tourism before calling for improved industry service levels.
Cable Bahamas yesterday unveiled its third Florida acquisition within three months via its $24 million purchase of a Caribbean Crossings “mirror image”.
When I entered business school in 1987 I remember our orientation meeting very well.
Scotiabank (Bahamas) managing director yesterday predicted the commercial banking sector would not see a “sustainable recovery” in its $1.2 billion non-performing loans pile until early 2015, with his own institution’s retail/personal credit arrears rate running around 20 per cent.
LABOUR Minister Shane Gibson said yesterday he was “extremely disappointed” that more than 300 former City Market employees had not yet received their severance packages.
INVENTORY theft is list the most common fraud witnessed in the Bahamas, the Association of Certified Fraud Examiners (ACFE) local chapter presidnt said yesterday, adding that Bahamian companies must have the necessary controls in place to prevent this.
The Bahamas Hotel and Tourism Association (BHTA) has unveiled its new logo design at the organisation’s 60th Annual General Meeting (AGM), following the recent name change from the Bahamas Hotel Association.
With more than $150 million worth of finance raisings set to come to market next year, a leading investment banker yesterday said 2013 could be “the best year ever” for the Bahamian capital markets.
A senior Chamber executive last night said it would be “a travesty” if Bahamian medical and pharmaceutical equipment suppliers were excluded from bidding on contracts associated with the Princess Margaret Hospital (PMH) expansion, with the sector seeking a “level playing field” and “transparent, open” process.
The Bahamian commercial banking industry was yesterday reacting with alarm to indications that the Homeowners Protection Bill tabled in the House of Assembly contained few, if any, of the recommendations it made to “protect the integrity” of the financial system.
Bank of the Bahamas International yesterday confirmed it had joined the industry trend of focusing on higher-yielding consumer loans, growing these to 15 per cent of its portfolio after the recession hits its “major jewels in the crown”.
With relocating ranked as one of life’s three most stressful events, a Bahamian real estate firm is taking the pain out of being uprooted by guiding clients from first encounter to final detail.
Atlantis food and beverage managers have toured the Bahamian Brewery and Beverage Company (BBB), a move that will help them promote the beers the resort sells.
Vanice Thomas-Erskine has joined the Bahamas office of KRyS Global, the corporate asset recovery, insolvency, forensic accounting and business advisory specialist.
The Bank of Butterfield has changed the name of its Nassau-based subsidiary from Butterfield Bank (Bahamas)to Butterfield Trust (Bahamas).
We may see and touch our national currency on a daily basis, but are you aware of what goes on behind the scenes to create and manage the flow of the banknotes and coins that we call our own?
The Bahamas International Securities Exchange’s (BISX) chief executive believes a “damn good improvement” is occurring in the stock market, with the buyers-to-sellers ratio now standing at 50/50 after deteriorating to 20/80 at the recession’s peak.
The Bahamian court system is “still not comparable” to one required to serve the international business centre this nation aspires to be, a senior QC has told Tribune Business.
The company purporting to own $22 million, which Czech authorities allege instead belongs to Lyford Cay financier Viktor Kozeny, has suffered at least a temporary setback in its efforts to take possession of the funds after its attorney failed to attend a New York court hearing.
A Cabinet minister is hoping the Government’s trade and industry promotion policy will result in a “flood” of manufacturers coming to the Bahamas, adding that it was “imperative” to retain domestic production industries.
A Cabinet minister has blasted the former Ingraham administration’s “complete lack of engagement” for potentially costing the Bahamas $7-$10 million in ‘free’ European Union (EU) grant funding.
Branding World Bank findings that it takes 10-11 days to form a company in Bahamas as “unacceptable”, the Attorney General has unveiled a Companies Advisory Committee to tackle the “disturbing” result.
Bank of the Bahamas International says its business restructuring, coupled with improved margins and an increase in new business, drove a 91 per cent net income increase for its 2013 first quarter.