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ROYALSTAR INVESTORS GET '200% PAY OUT'
By NEIL HARTNELL Tribune Business Editor RoyalStar Assurance is expecting to generate a $2-$3 million net profit for 2011 despite enduring a tough year, its managing director yesterday saying the company had to-date "paid out almost 200 per cent" of the
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
GB Power minimises $4.7m recovery effect
GB Power minimises $4.7m recovery effect By NEIL HARTNELL Tribune Business Editor The Grand Bahama Power Company (GBPC) has received regulatory approval to minimise the consumer impact of recovering a $4.7 million impairment charge by spreading it out o
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
$1.23M PREFERENCE PAYOUT CAUSES BOB INVESTORS Q1 LOSS
By NEIL HARTNELL Tribune Business Editors Bank of the Bahamas International's ordinary shareholders suffered a minor $141,676 loss during the institution's fiscal 2012 first quarter, as timing issues related to $1.231 million in preference share dividend
$180M INVESTMENT FOR BORCO IN 2012
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent company is planning to invest between $130-$180 million, more than half its total 2012 capital expenditure, in upgrading the Grand Bahama-based oil storage facilit
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
Colina Holdings profits 'moderated' at $5.6ms
Colina Holdings profits 'moderated' at $5.6ms BISX-listed Colina Holdings (Bahamas) last night said it achieved "moderated" net income of $5.6 million for its 2011 financial year, as its performance was impacted by the slow economy and cut in the Bahamia
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
