Writing off financial loss to a "bailout vehicle" is tantamount to printing money. Problem is, quantitative easing does not work. I am glad the shareholders are happy and optimistic and hope this turnaround is sustainable.

Imagine how happy I'd be if in my business I didn't have to pay my suppliers, and my sales became instant profit. It's a wonderful life when someone else i.e. taxpayers, take on all the bad loans.

Lol I bet the government thought this headline would generate some positive political capital.

The Tribune is PLP in case you have forgotten. Hard work and due diligence generated the headline and hopefully, for long suffering Bahamian shareholders, February will bring more good news. And by June BoB may return to paying dividends. But more importantly the bank can regain its position in the banking market and offer consumers an alternative to having to stand in RBC's customer line for up to three hours to wait for their lack luster and overpriced services.

Plenty smoke and mirrors here - truly pathetic. And the writer Neil Hartnell does not even bother to mention that the government has been paying on behalf of BoB the dividends owed to its preference shareholders with no recognition whatsoever of these transactions in BoB's accounting records. Also, we still have absolutely no transparency regarding the names of the politically connected borrowers whose loans totaling $162 million were transferred to Bahamas Resolve in the last round of essentially worthless loans heaved onto the backs of taxpayers. There is also the major accounting issue concerning BoB's recognition as equity of the so called "special retained earnings" represented by the notes receivable on BoB's balance sheet that are under the control of BoB's major shareholder as the issuer of the notes, i.e. the government, rather than BoB itself.

Government has yet to explain to Bahamian taxpayers that it has effectively guaranteed the repayment of the full amount (100%) of all deposits placed with BoB by depositors as a result of government keeping the doors of this insolvent bank open to the public. Ergo government has yet to explain how it can justify having fully protected the depositors but **not** having fully protected the minority shareholders of BoB from the losses they incurred in the value of their shares as a result of government allowing BoB to continue operating as a de facto insolvent entity.

here we go... the split personalities at work again, each one greets one. BoB is learning to crawl before it tries to walk. The latest results proves it is capable of becoming solvent again and profitable, with the potential to repay the Bahamian taxpayer as American banks did under Obama. Why do you have a chip on your shoulder for everything Bahamian?

You are one of the very few to believe something dead can learn to crawl and then walk. Even D- educated Bahamians know that BoB is propped up by the already overburdened taxpayers and the criminal enterprises run by the numbers bosses, one of whom you sing to for your supper.

BOL!! @John obviously believes in Zombie BoB!!!

Opinions are cheap and mainly hot air.

If you want the truth, look at the share price.

http://tribune242.com/users/photos/2017…

This is political rhetoric ......... How can BOB make a profit when it is being floated with our Treasury's money????????? ....... smt .......... Can a small business do that??????

162 million quickly inserted after elections by the Finance Minister to stop BoB lawsuit against the Central Bank to now meet tier ratios despite deposits and shortly before 100 million support to create Resolve and guarrantee crystalised plus 40 million buy shres and drop in share price from over $5 to $1 + svhare value dropping some 160 million in share value and no investigation etcetc. and to generate 4.2 million profit. Really anyone commenting here has the capability of getting a better return with an investment of 162 m than 4.2m.We all love Bahamian but have the common sense to realize we re not good at owning or running hotels in our primary sector but still unable to realize we are unable to run financial institutions despite massive injections and lax regulations.
This is an entity if any that should have serious forensic investigations.

He he, this sounds like the report of the "surplus" for the first two months of the financial year. The dental bank said , well they didn't do any capital projects and none of the bills have come in yet, but Johnson and KP declared a "surplus"

The truth is dead.
Our challenge is to find out the honest reason almost nothing works here.
I would suggest it is because we play so loose with the English language to suit our own realities and our many unattended failings.
That we continue to let things go, do not maintain them, and always make excuses for why we can't do what we said we would do is not a recipe for human success, by any definition..
It seems as if there are no consequences for bad behaviour in this country.
Financial chicanery such as suggesting that BoB is solvent, while its' very existence is due to Bahamians tax dollars keeping it afloat is but one of the ways to steal, cheat and lie to Bahamians while still keeping that nice cushy job with six figures, instead of being out on the street or in jail, as these people should be.
In a few short years the vast majority of Bahamians will be left with absolutely nothing but the clothes on their back.
Thank your Bahamian, Christian, leaders, rulers, and owners.

Of course the 3,000 shareholders/ investors are amazed at the first profit in 5 years but how do you think the majority of the tax paying public feel that 162 million of their money was just paid into BoB plus millions gone before without financial accountability or loan fraud investigations and the struggling people cupboards still bare??

Thank you rightful thinking for Bahamians for silencing the political hack - John.

His loyalty is obviously to his party before the country - fooktards!

**Government + Bank Ownership = Gasoline + Fire**

**KABOOM!**

FAKE NEWS. If anything qualifies as fake news, stating that BOB has made a profit after receiving hundreds of millions of tax payer funds does.

Small wonder Tony Allen recently resigned as a director of BoB shortly after being appointed to BoB's board with Wayne Arahna. It seems Tony got in there, took a quick look, and then jumped ship and ran for the hills as quickly as possible in an effort to keep the solid reputation he developed as a banker with Scotia Bank in tact. This begs the question: Why is Arahna still willing to risk it all when it comes to his own reputation? It is only common sense that the new Minnis-led administration met an insolvent BoB on May 10, 2017 that it should have immediately placed in liquidation. Moreover, anyone with an ounce of common sense also knows that it is most unwise and imprudent to have any government of our country (whether FNM, PLP or whatever) owning a controlling interest in a clearing bank open to the public with publicly listed shares when it is the government itself that effectively also controls the entire regulatory apparatus of all banks domiciled in the Bahamas. Talk about a major conflict of interest!!

BoB does not hold a banking license....it holds a license to steal from taxpayers to fill the financial craters created by loan and advances to corrupt politicians, their family members, friends, cronies and lovers that were never intended to be repaid!

Despite what the racist (white) jackasses say if I had the funds I would buy BTC just to force RBC to get it’s act together and STOP ripping off the Bahamian public

There you go with racism again! Feel free to buy all of the BTC shares you want, even though most of us here have been talking about BoB.

"If" you had the funds, but why aren't the people who have the funds running to buy it? Also I don't get how race got in it....