Bank of The Bahamas Limited provides commercial, retail, and private banking services. The company’s products include checking accounts, savings accounts, and term deposits; and personal/consumer loans, mortgages, refinancing, debt consolidation, home equity loans, auto loans, overdraft facilities, and business loans, as well as letters of credit. It also offers business services, such as depository, payroll, and merchant services; investment services comprising retirement planning, investment certificates, and rate escalator investments; and credit card, funds transfer, online and mobile banking, e-commerce, and bill pay services. In addition, the company is involved in the provision of car...
Shirley and Charlotte Streets
PO Box N-7118
Bank Of The Bahamas Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015
Jun 11 15
Bank Of The Bahamas Limited reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net interest income of BSD 6,559,916 compared to BSD 7,986,900 a year ago. Total operating income was BSD 7,397,458 compared to BSD 9,710,977 a year ago. Net operating income was BSD 917,083 compared to BSD 7,399,620 a year ago. Net loss was BSD 7,252,200 compared to BSD 1,301,363 a year ago. Net loss available to common shareholders was BSD 7,252,200 or BSD 0.34 per share compared to BSD 2,532,613 or BSD 0.12 per share a year ago.
For the nine months period, the company reported net interest income of BSD 19,321,689 compared to BSD 25,250,264 a year ago. Total operating income was BSD 23,064,725 compared to BSD 30,094,000 a year ago. Net operating income was BSD 7,788,597 compared to BSD 16,821,998 a year ago. Net loss was BSD 17,147,573 compared to BSD 7,417,758 a year ago. Net loss available to common shareholders was BSD 17,147,573 or BSD 0.80 per share compared to BSD 9,880,259 or BSD 0.46 per share a year ago. Net cash provided by operating activities was BSD 38,196,752 compared to net cash used in operating activities of BSD 5,148,222 a year ago. Acquisition of property and equipment was BSD 611,982 compared to BSD 2,637,661 a year ago. Acquisition of intangible assets was BSD 32,807 compared to BSD 106,335 a year ago.