Bahamas News

Bahamas Development Bank Courtesy Call Securities Commission

#Nassau, October 28, 2018 – Bahamas – The Bahamas Development Bank celebrates its 40th year of promoting industrial, agricultural and commercial development in The Bahamas through the financing of, or the investing in, approved enterprises.  To further advance this statutory mandate, Mr. Dave Smith, Managing Director along with Mr. Justin Sturrup-Deputy Managing Director of the bank paid a courtesy call on the Securities Commission to discuss the Commission’s Crowd Funding push and other potential capital raising instruments such as SMART Funds.

Mr. Smith commented that the Bank is able to undertake a wide range of activities within its “sectorial approach” to support entrepreneurs, including term loans for Small and Medium Sized Enterprises (SMSE’s), equity financing and executing agency services.  In exploring new innovative ways to assist entrepreneurs, Mr. Smith noted that Crowd Funding and SMART Funds might have the potential to augment traditional approaches to entrepreneurial funding needs.

 

(For further information contact the BDB Public Affairs Department)

-bdb-

“Assisting Bahamians For A Better Bahamas”

 

Release: BDB

Photo Caption:

Individuals in photos from left to right:

Justin Sturrup,                            Christina Rolle,             Dave S. Smith,                          Sherinn Munnings

Deputy Managing Director            Executor Director              Managing Director                      Deputy Manager
BDB                                                    Securities Commission     BDB                                                 Securities Commission

 

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