September 3, 2024
Gowon Bowe
Stories this photo appears in:
Bahamas ‘regressed in the past 10 years’
The Bahamas “has regressed over the last ten years” due to the National Development Plan (NDP) being “shelved”, its vice-chairman asserted yesterday, resulting in the country “standing still” while other nations progress.
Credit ‘bubble’ fear on consumer loan terms
A senior banker is warning against Bahamian commercial lenders sparking credit “bubbles” and increased delinquencies by issuing loans that fail to reflect the borrower’s true credit risk.
‘Nothing exotic’ on $373m one-year bond conversion
A Bahamian banker last night said there is “nothing exotic” about the Government seeking to refinance 59 percent of its $632.5m Bahamian dollar bonds due to mature this year as Treasury Bills.
‘Hard to understand’ how Gov’t will strike $3.9bn revenue goal
A Bahamian banker was yesterday “struggling to understand” how the Government will achieve a near-18 percent increase in its forecast 2025-2026 revenues amid the present tax and economic climate.
Bahamas rating upgrade will be no ‘fait accompli’
The Bahamas must make sure it fully “executes” and does not treat the prospect of a credit rating upgrade by Moody’s as “a fait accompli”, a senior banker warned last night.
‘Myth from reality’: 99% of account requests approved
The first-ever survey on the ease of opening a Bahamian bank account will separate “myths from realities” with more than 99 percent of applications approved in often “less than a week”.
Fidelity Bank to target ‘venture capital space’
Fidelity Bank (Bahamas) is “extremely confident we will exceed the $18m” full-year profits target for 2024 as it explores the best way “to enter into the venture capital space”.
‘The first step’: Loan requests rebound to pre-COVID volume
Restoring credit applications to pre-COVID volumes is just “the first step” to reversing the $500m pandemic-driven cut in the Bahamian commercial banking industry’s loan book, a senior executive said yesterday.
Bowe: Basic banking accounts will only help small segment
CLEARING Banks Association chairman Gowon Bowe said that basic banking accounts, which Central Bank governor John Rolle identified as one potential solution to concerns about bank fees, would primarily benefit a small segment of society: unskilled workers, students, and the elderly.
Bowe: Economic challenges have led to reduced charity
FINANCIAL expert Gowon Bowe said the economy has sharply reduced charitable donations, leaving non-profits struggling at a time when demand for aid is rising.
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