Scotiabank has awarded 5 two-year Associate Degree Scholarships to College of the Bahamas students. The bank’s scholarship programme, based on merit, started in 1994, and has become an integral part … Read More
Author: @BahamasFSB
Capital Market Growth
Keith Davies, Chief Executive Officer of the Bahamas International Securities Exchange (BISX), reports that the exchange is looking to strengthen transparency and corporate governance throughout the Bahamian market. Specifically, there … Read More
Banking Supervision Principles
The Basel Committee on Banking Supervision, Bank for International Settlements, on Thursday of this week issued for public comment updated versions of its Core Principles for Effective Banking Supervision as … Read More
Sovereign Credit Ratings Affirmed
A recent release from RatingsDirect, Standard & Poor’s Web-based credit analysis system, says that new tourism investment – both ongoing and expected to start in 2007 – and the strong … Read More
ARCOS Network Expands
New World Network, the principal owner of the **Americas Region Caribbean Optical-ring System (ARCOS)**, announced yesterday that it has successfully completed a multi-million dollar network expansion. The expansion more than … Read More
Economy on Track
Wendy Craigg, Governor of the Central Bank, predicts that The Bahamas will sustain positive growth over the next three years, with GDP growth expected to match the 3.5% reportedly recorded … Read More
FSF Receives OFC Review Group Report
Members of the Financial Stability Forum (FSF) concluded its latest Plenary today in Sydney, wrapping up discussions on risks and vulnerabilities in the international financial system and its review of … Read More
Payment Processing Agreements Signed
First Data International has announced another milestone in growing its presence across Latin America and the Caribbean with the recent signing of three new payment processing agreements with **Bank of … Read More
Cable Bahamas Reports Net Income Growth
Barry Williams, Vice President of Finance for Cable Bahamas, reports a net income of $11.3 million for year end 2005, attributing last year’s earnings to an increase in subscriber numbers … Read More
S&P Affirms FirstCaribbean’s Ratings
Standard & Poor’s Ratings Services announced today that it has affirmed its ‘A-/A-2’ counterparty credit rating on FirstCaribbean International Bank Ltd. (FirstCaribbean) following the announcement last week that Canadian Imperial … Read More