Banking / Investment in Bahamas
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BAHAMAS, 2014/03/05
The Bahamas government has again sought to reassure nationals that it was not interfering in the operations of the Bank of Bahamas (BOB) in which it has 65 % majority share holding.
“The Government does not control or interfere in the management of BOB. The Government is aware, however, that the Bank has by presently made a number of positive changes to its policies, practices and management structure which will prove beneficial to the Bank as it moves forward.
“Moreover, additional improvements to the governance of the bank will be made in due course. In the meantime, however, all customers and the public alike can rest assured that the Bank of The Bahamas is sound, that its fundamentals remain strong, and that it has the full backing of the Government,” the Perry Christie government said in a statement.
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ARGENTINA, 2013/03/13
While Panama's banks held their lead as the biggest banks in Central America, Nicaragua steamed ahead in terms of return on capital and return on assets. HSBC remains the leader of The Banker’s Central American rankings with a Tier 1 capital up by 8.38% to $1.23bn in 2011, the last available financial year.
