LENDING SLUMP: Banks see loan requests drop by nearly 60 percent in second half of 2020

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 […]