Bahamas, May 17, 2017 – Nassau – The Deputy Prime Minister of Bahamas and Finance Minister, Kevin Peter Turnquest has released the following statement regarding the Bank of The Bahamas.
Statement on Bank of The Bahamas:
The Government of The Bahamas acknowledges that the Bank of The Bahamas is a systemically important financial institution and as such is fully committed to its success. The Government further acknowledges the concerns of the various stakeholders with respect to the Bank’s: capital, liquidity and governance. In its role as the majority shareholder, the Government is committed to working with the Board, Management and Regulators in comprehensively addressing all of these issues and returning the Bank to sustained profitability.