....on the 15 year delinquency....it may not the customers fault .....there are other sides of the stories....the bank has collection salaried officers and lawyers...!!!

Erry single last financial officer in da industry is dere to minimize risks....dese Compliance officers should not be another layer yet again to minimize risk...as erry financial officer done charged to do...But to put a stop to fradulent business..!!!...like when ya has a dog in da yard protecting ya property it aint supposed to jus go ..bow wow.bow wow...it supposed to stop the robber period...bite dem up chew up dere bones...!!!

....8% per month...?..not pa...?

......added to the call for investigations should also be the other financial entities controlled by political affiliates....?the Bahamas Development Bank.....the Central Bank..still trying to fogure out how CLICO mamaged to get its money past to invest in Florida leaving Bahamians taxpayers to pay ....!,?

Minister should knows fully well that the BMC who approves the loans has to be the one who gets it back.....if you cant gets back the taxpayers money yinna employed paid salary to lend out to qualified persons....then dont lend it out.
Minister seems unaware whichin Ministry department....dis aint Social Services....

Yes Pundit....Comcermedcitizen is insightful. Again would then go over to the BoB loans in Resolve....taxi plates.......??.....and the really slow pace to have any Financial Ombudsman .....well we did get the separation from the AG ..to throw out nollees....

The institution licenced and Regulated as a Bank......now Throwing on the market a bunch of houses and selling them raises other questions....
1. Tha bank aint no licenced Real Estate qualified Real Estate progessional trained to sell houses showcase hightlights to get the best price as the Legislated licemcemed regulated Real Estate professional to get the best prices for the customer.....showing ot 24-7...well more than the bank....
2. Plenty talk outside already that people inside banks allegedly does fishy things like getting friends family lovers cronies to buy homes knowing banks will accept certain amounts....dont lkke to believe gapseed gossip and does not ...
3. Putting large numbers of homes created or may add to existing glut making pfices drop for errybody....supply being more than demand ....
4. Other lenders usually have other buildings as collateral for businesses utilizing number of bank facilities...overdrafts..etc.....other banks unnaturally throwing other buildongs on market lowering property prices causes banks holding buildongs as collateral now have to lessen callin...restrict business lendings
5. W...........
When these unnatural things...happen....lots of homes on the market glut......everybody suffers from the cascading effect......lots more affected when the banks all of a sudden throw dozens of houses on the market...!!!!

IN erry business enterprise where money has to be collected.....and likelihood of some not being collected........the common semse is fer there to be a ....collections department
collections officer..... or a receivibles department....an.an..an........wid tens of millions of dollars.......how in the world dey didnt hire sufficient....staff....to collect the money....call the people stead of waiting......an.....waiting....for people to come in or calls them...collasping the bank....save for taxpayers to bail out.....ya has a duty to the shareholders to get the money...go after the money ya lends out.....not sit back an wait....fer manna to fall outta heaven......,!!!.,!.if ya ya called....male the oft complained of harassing, demanding....threatening....obnoxious....phpne calls.....delinquent customers do the usual threatening...harassing....phone calls....customers complains of....and gets back $1,000,000.....out of the $194,246,667. ..it woudda makes sense to hire 4 people pays then $25,000 each just to be calling in people to makes arranhements ......!!!!!....if the Former Chamber fella can gets disbarred for 10 years...???....it is time erryone responsible for mismanaging taxpayers money yet agains...be disbarred...!!!!....

Slippage....how about the BoB operating for months an months not meeting tier ratios....??? While the other banks were all following the rules to operate....??
How about the BoB bank shares falling from $5 to $1 or so in short period an not doing anything..agaon in an environment with other babks having shares too trading....on same stockmarket..???

The VAT taxes 7.5% and added increases at 12% have effectively taken out of the pockets of all Bahamians income and increases in fuel costs gas have effectively and efficiently subtracted fron the incomes......and more so the pore ....recent IDB repprt points out the poorest hurt by some 2.4% of their iincome with fuel prices increases...Simply if the govt Is taking MORE and more vat an MORE other Taxes COMING out of your incone and cost of living increasing...an salaries aint increasing...people getting laid off Needin help from other family still gat a job....
Saying mortgagors dont ttalk to the bank an still saying the arrears is high not being paid is a distraction from the fact ...that the crises was not averted....way before it collasp the bank....save for more taxpayer yetagain to guarrantee survival....
This obviously did not happen overnight.......begs the question what was yhe chairman...board of directors...paid ..salaried bmc...employees ..management doing about this....all dis time..,!!!!!!.....an telling audited reports dont come in in time....by salaried people...is no excuse....to blame mortgagers for slackness of BOD....who could have nipped this in the bud...or tried....before now crises...
The Minister should have also be telling the mortgagers in Grand Bahama for not repaying loans also.....or obviously they too ...would be also in this......