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BOB signs deal to sell $103m trust business

Bank of The Bahamas has signed a deal to sell its $103m trust portfolio, the BISX-listed institution’s just-released 2019 financial statements have revealed.Virtually no details are provided about the sale, such as price and buyer identity, other tha

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BOB shrugs off $6m default to resume profits

Bank of The Bahamas shrugged off a $6m default judgment bid by an ex-Cabinet minister’s companies, and resumed its slow recovery march, by posting $2.99m in 2019 full-year profits. The BISX-listed institution, which has twice had to be rescued by mu

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Bank collapse fund at just 45% of $125m target

The fund protecting Bahamian depositors against bank failure contains just 45 percent of its desired $125m asset target, the IMF has revealed, as it called for the industry to pay more. The International Monetary Fund (IMF), in its just-released ass

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BOB: $80m in deposits lost if it collapsed

Just one-third of insurance-eligible Bank of The Bahamas (BOB) deposits would have been covered if the troubled BISX-listed institution had collapsed, the IMF revealed last night. The International Monetary Fund (IMF), which released both its Articl

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BOB chair: ‘Peanut’ profits make dividend premature

Bank of The Bahamas (BOB) chairman says it is “premature” to discuss resuming ordinary shareholder dividend payments when profits to-date have been “kind of peanuts”.

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BOB ‘reputation’ boost from $15m repayment

Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.

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BOB gains $56.7m Treasury Bill boost

Troubled Bank of The Bahamas (BOB) has received a further $56.7m boost from the Government in the form of Treasury Bills, as it recorded its first full-year of profitability since 2012.The BISX-listed institution’s unaudited financial statements for


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