September 3, 2024
Gowon Bowe
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Fidelity: We won’t join ‘folly’ of risky lending
A BISX-LISTED bank has pledged it will not join the “folly” of its rivals by pursuing unsafe loans with its chief executive yesterday predicting that the Bahamian mortgage market will take another two years to recover to pre-COVID levels.
Bowe warns of banking barriers for cannabis sector
CLEARING Banks Association chairman Gowon Bowe has warned that Bahamian commercial banks will struggle to provide services to cannabis-related businesses under existing banking rules, particularly those tied to the United States and the United Kingdom.
‘Phenomenal’ job creation if economy expanded 3.8%
The Bahamas would have seen “a phenomenal amount of jobs” created with the economy growing by almost 4 percent in real terms during 2025, a senior banker has suggested.
‘No cause for panic’ over 27% points off-peak credit
Bahamian bankers yesterday asserted that the 27 percentage point decline in private sector credit, as a proportion of national GDP, over the past 15 years is “no cause for panic” or “solely a sign of weakness” but demands a renewed focus on economic fundamentals.
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