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Minister of Financial Services, Trade & Industry and Immigration, the Hon. Elsworth Johnson along with executives of the Ministry met with executives of Bahamas Development Bank (BDB) in a courtesy call, July 1, 2020. The bank’s Managing Director Dave Smith stated he looked forward to collaboration between the two agencies.
The Bahamas Development Bank is working with the government and other agencies to deliver immediate relief to businesses impacted by the COVID-19 pandemic. At this time, a three- month deferral against repayment of credit facilities will be offered to existing clients in good standing with The Bank who have been negatively impacted by the pandemic. While we anticipate payments to resume with accrued interest by the end of June 2020, we recognize that significant uncertainty exists regarding the duration of measures to ensure health and safety. The leniency period will therefore be examined on a case by case basis. Clients who are experiencing reductions in cash flow that may impede the ability to make payments are encouraged to call BDB at 727-2202 or email firstname.lastname@example.org to discuss their accounts as soon as possible.
The Bahamas Development Bank (BDB) is currently in the midst of a major reform effort to ensure that it can meet international...