Home > Industry News > Positive mid-year results for Bank of The Bahamas

Positive mid-year results for Bank of The Bahamas

Bank of The Bahamas has reported positive results for the six-month period ending December 31. The bank’s total revenue grew by almost 9 percent to $31.5 million, far exceeding the 2008 GDP growth rate, while net income stood at slightly above $5 million.

“The reality of the global banking environment makes all of us very cautious,” said managing director Paul JI McWeeney. “Therefore, it is with even greater pleasure that we are able to report that the level of confidence demonstrated by customers in the bank’s ability to perform well for them during uncertain times has netted results that include a solid equity base and growth that far exceeds that of the Growth Domestic Product.”

With branches throughout The Bahamas, including its newest in Cat Island, and a financial services centre in Coral Gables, Florida, Bank of The Bahamas employs approximately 400 people and has assets of nearly $800 million.

www.centralbankbahamas.com


comments powered by Disqus

Read More

THE PHOENIX GROUP COMPLETES MAJOR HOTEL RENOVATION

The Phoenix Group has recently completed another stellar major hotel renovation at the Wes...

Read More

THE NEW KOHLER REGISTERED SHOWROOM OPENS AT A. L. THOMPSON'S

A year in the making, the new Kohler® Registered Showroom at A. L. Thompson’s officiall...

Read More

CREATIVE COLLECTIVE PRESENTING NEW ITALIAN FURNITURE, ART, FASHION AND PHOTOGRAPHY

There's always something happening with the creative collective of Awardart Gallery, Absol...

Read More

BARAUD DEVELOPMENT LAUNCHES ELEVEN PARC

With its most recent launch of Twenty40 townhomes in Governors Harbour selling out in a re...

Read More

BCQS URGES CARIBBEAN TO BE PREPARED

After a very destructive 2017 hurricane season, BCQS urges the Caribbean to be prepared be...

Read More

CAR CITY NOW OFFERS MERCEDES-BENZ PLUG-IN HYBRID MODELS

Car City Ltd., the authorised Mercedes-Benz dealer for the Cayman Islands is pleased to an...

Read More

CREATIVE TECH OFFERING THE LATEST HOME AUTOMATION FROM URC

New from URC; Total Control® 2.0 combines your entertainment and smart home technology in...

Read More

ARVIA, DAVENPORT DEVELOPMENT'S NEXT PROJECT

Davenport Development's newest project, ARVIA will be on the shores of Grand Harbour and w...

Read More

DESIGN STUDIO PARTNERS WITH THE BUTLER GROUP FOR SEACREST

Design Studio is excited to announce it’s partnership with The Butler Group on Seacrest,...

Read More