$5 Million Banking Facility

May 2, 2000By @BahamasFSBMembers in the News

Commonwealth Bank has opened its newest branch on Wulff Road, a $5 million state-of-the-art banking facility. At the Official Opening, Finance Minister William C. Allen commented that the investment demonstrates the Bank’s commitment to the growth of the Bahamian economy. Minister Allen saw The Bahamas firmly placed on a “sustainable path of economic growth and … Read More

International Endorsement

May 2, 2000By @BahamasFSBMembers in the News

AM Best, an international organisation engaged in insurance firm rating, has awarded an “excellent” rating to Bahamas First General Insurance Co. The evaluation included a comprehensive review of quantitative and qualitative aspects of BFG’s management, financial data, and reinsurance programmes.

Internet Roaming Service

May 2, 2000By @BahamasFSBMembers in the News

Bahamas On-Line, subsidiary company of Systems Resources Group (SRG), is introducing a series of products in line with global technology advances. The first such product is ERoam, an internet roaming service allowing users to access the Internet and their email almost anywhere in the world. This has extended the company’s internet access network to more … Read More

Commonwealth Bank To Launch IPO

March 26, 2000By @BahamasFSBMembers in the News

Commonwealth Bank plans to launch an IPO of three million shares in early April, as part of the bank’s 40th anniversary celebrations. Minimum subscription has been tagged at 50 shares, and CB anticipates that at the close of the offering at least 3,000 more Bahamians will have the satisfaction of ownership.

Oceanic Bank Now In Grand Bahama

March 26, 2000By @BahamasFSBMembers in the News

Oceanic Bank and Trust recently opened an office in Freeport — in the new First Commercial Centre. This second office is headed by Andre Feldman, who points out that the potential of Freeport is being realised — with the increasing need for prudent asset management, private banking, trust and estate management. The Nassau office of … Read More