For the 10th consecutive year, **Commonwealth Bank** has reported record results in terms of gross revenue, profits, share value, and total assets. Year end 2006 saw assets increased to approximately $1 billion, with net income of $40.4 million, while earnings per share jumped 27%. The $81.6 million in gross revenue represented an increase of 16.4%. Earlier this year, Commonwealth opened its latest branch at Golden Gates in New Providence, bringing the total number of branches and service centres to 10.

Chairman T.B. Donaldson says sustainable growth requires constant vigilance and a focus on fundamental strengths, while ensuring sufficient investment to address strategic initiatives and anticipated market development. He maintains that that the bank is well positioned to continue delivering service and products that translate into satisfaction for customers and value for shareholders in the coming year.

Commonwealth Industrial Bank was founded in 1960 as a subsidiary of the Canadian Laurentide Financial Corporation Limited, and in 1984 became fully Bahamian owned, as Commonwealth Bank Limited. In 1990, Commonwealth Bank was approved by The Central Bank of The Bahamas as a Clearing Bank, and also became an Authorized Dealer, completing the transformation from a savings and loan institution to a complete service bank.