September 29, 2021
Kenrick Brathwaite
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BOB imposes ‘heavy penalties’ on early building loan payouts
Bank of The Bahamas is imposing “heavy early repayment penalties” on construction mortgages in a bid to dissuade borrowers from treating such loans as a “bridging” facility to its detriment.
Bahamians ‘may not be able to take advantage of lending’
The Clearing Bank Association’s (CBA) chairman is not sure Bahamians will be able to take advantage of the new relaxed lending policies handed down by the Central Bank.
BOB targeting ‘real growth, not loan loss management’
Bank of The Bahamas yesterday said it was seeking to drive sustained profitability “from real growth as opposed to managing delinquency provisions” after enjoying a positive $14m bottom line swing.
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