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Gov’t drove 59% of $523m reserve rise

The Government accounted for 59 percent of the 2022 first quarter’s $523m rise in The Bahamas’ foreign currency reserves, the Central Bank’s governor has revealed, although the banking sector subsequently took on the greater share.

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External reserves jump on banks’ $84m inflow

The Bahamas’ external reserves grew by almost $55m in February 2022 as commercial banks collectively received a net $84.2m foreign currency inflow from their customers.

CIBC loan deferrals decrease by $420m

Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.

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