Most loan denials were due to high debt service ratios, underemployment and insufficient time on the job NASSAU, BAHAMAS — Banks saw a 25 percent increase in loan applications processed over the first half of the year compared to the same period in 2020, according to a Central Bank consumer lending survey. The results of […]
NASSAU, BAHAMAS — Private sector appetite for credit was “sharply scaled back” over the second half of 2020, with loan requests dropping by nearly 60 percent due to the economic downturn as a result of the COVID-19 pandemic, according to the Central Bank. Central Bank Governor John Rolle, while commenting on the regulator’s Monthly Economic […]
