Clam, you should also add the fees the lawyer has to be paid by the bank and the costs, man hours by bank officer, paperwork countless caĺls.......

Jus not precise in looking at the situation......FIRST to begin the bank officer needs to do an interview entailing... positive positive positive...checks... mathematically analyze ....confirm...stress test..evidence..proofs...etc..the ability to repay the card debts an survive....(customer can successfully qualify for loan....but pointless if they cannot survive on balance income..).......and backed up by verified documentation. ........Clam can I be your gardener because you must be paying very very good salary....as the monthly servicing of the debt involves calculating a percentage of monthly income including other loan payments to be successfully repaying loans......AND..making bank profits for bank shareholders.
SOME background is that lending employees follow advices from headquarters..overseas...in having goals of issuing ...amounts of Credit Cards...Mortgage loans...Consumer loans, various like Cars, Vacation usually according to period in year etc.....locally ...these loan goals are broken down to each BRANCH according to locations.and targets of amounts, values of loans parcelled out to individual loan officers. Some of targets may be by a team also. Bank Officers have target quotas mabye 5 - 6 million dollars in Mortgages, Credit Cards, Consumer loans Referrals to other Branches etc. it is essential for loan officers to make targets as to get favourable salary increases and rewards bonuses. Banks are businesses to make profits...!!!!!!!.... and there must be... fair play... no negligence...due care to ..loan applicants....generally ...positively....absolutely...by the supposedly better loan officer sitting across the desk in a tiny cubicle all by demselves.....not seeing what is imputted on computer...or not even given copy analysis ..
Above may or may not be correct in any form or manner. BUT can you hire me as a gardiner cause generally from the Card limit you likely supposed like paying a gardiner like $40,000 plus a year....was it a Gold Card..?

All these delinquent homeowner loans needs to be investigated from the FRONTend ALSO and not at the BACK end..delinquent result...!!!!!.......the loan contract is between bank and its officers and the customer......Time to investigate the aggressive lending practices and jailing bankers who are guilty in not following lending rules....possibly falsifying figures, bribery, erring to meet the bank loan targets to get salary increase, faulty inadequate mathematical analysis..., following headoffice in other countries to meet quotas, using archaic obselete bias application forms, negligence, lack of due care and attention to applicants, insufficient uneducated lending skills of loan officier, inadequate interview meeting with applicants, bank officers...intervening family, politicians, friendsetc..., bank still following Bank lending ratio of 45% Loan Debt Service Ratio of income all loans being less to lend up to 95% - 90% of purchase price or Appraised value and remaining income can allow customer to pay bills an survive.......and still dis ratio is still used from over quart.er century.....fully knowing that prices, interest tates, expenses have changed.!!!....very easy majority of loans can be looked into for bank negligence.......da customer hand never clap all by itself....!!!!!....if any bank can say they never past years changed any lending procedures practices....then they complicit knowing their practices was flawed leading to disaster....

incredible...absolutely incredible....!!!!!!
Right under the noses these absolutely revealing information in addition to existing information has come to light. How can the Central Bank as regulator not revealed these critical course of actions to make safe Bahamians...?????....why did outside agency had to be the one after all these years ....?????.....how was the government effecting actions to have government employees opening up savings accounts....knowing this...defect of not having their own employees hard savings money in bank insured protected....insured goals needing some 10 years to reach.!!!!!!!......

follow the international expertise and start appointing statutary administrator with broad powers....to take over a failing bankand/or a liquidator to wind up the bank......

Try searching front page lead stories on series of local Punch papers.

Sovereign Bahamas nation seems can be made incapacitated ....taken over by jus dumping waste by a lamp pole by Coral Harbour.

Head of Bahamas Christian Council ...CHURCH...such religious independent working knowledge into stemming crime, constitution, sweeping searches an road checks, law enforcement, state of emergency , patrolling with high powered weapons , shipping lane ...massive amounts of weapons, bullet piercing concrete wall, 9mm , caliber of weaponry, .....now in all fairness....the ....STATE... Government official like the head of Ministry of Security.....needs to be pulling out the Bible and start with the teachings of the Ten Commandments and going to the Press with religeous strategies, going into the urban areas with religeous walkabouts, crusades, religeous teachings, educating, preachings on christian principles, broughtupsy, helping the pore, distressed, suffering, ......

what middle class......????????......Bahamian report says that near 50% of Bahamians cannot make ends meet and rrecent Latin America an Caribbean 2019 report says Bahamas country has the second highest economic and social inequality ........Added to local increasing soup lines where 1 in 7 Bahamians dont know where next meal coming from...plus high unemployment and school graduates jus finished....soooooooooo...where is the middle cclass..????????....unless..yes...yes...yes...Obviously according to the gubmint KYC ...Know Your Customer by address, house #, employment, phone # etcetc.... financial services created scientific legal reckoning.....where the middle class must be in the 42,000 plus Banking Dormant Accounts customers who they could not locate...!!!!!.

Kicking rocks .......kicking rocks right out of the Bahamas is another thing... for international financial agency....connected to erry 189 countries...financial agencies...everyone knows......bahamas does not operate in a vacuum.....

.....Excellent, you is on a roll. On the above point 5 Tribine Tuesday, July2, 2019 article inner page 4 "BOB: $80min deposits lost if it collasped" by Neil Hartnell
Article quote "The fund added: 'A second transfer of $176m in gross book value of problem assets (purchasing distressed assets of gross book value is not in line with good international practicewas initiated in August 2017, similar in terms to (the first time).'"

NOONE... absolutely noone...should be dipping into the cookie jar to take taxpayers public money to prop up private shareholders of this bank and shareholders list examined if shareholders politicians MP's also stitting in Parliament propping up their shares.

bahamas used to be a top sovereign nation as an international financial centre with legislated recognized accountants who should have raised questions over thE goings on of BOB. Operators and contrallers of BISX should be asking questions, Central Bank as national bank regulator should be investigations but who seems to inform individual bank customers they do not represent individual customers who are wronged... and there are no financial ombudsman .

bob is a listed bank on the bisx among many othersother banks competing against others incl bob...other financial institutions whose owners are overseas shareholders in parent companies... representing hundreds of millions of pensions funds, investors who buy an sell shares operating expected in free enterprise...laissez faire...free market...and yet the persons responsible for propping up were not called out and inquiry started.
If an International Agency and world connections can recognize issues and recent well agitated legally blessed customer can win $6m lawsuit then a full commission inquiry into bob be started.

Looks like the Bahamian decades old Bahamian traditional area remains..parking for erryone ???. where pore people medical cook outs ...help operation sis..nana...oncle...big medical signs on tent to help medical expenses families...friends...come an meet families....mingle....updates on medical cook in aid of sick one.....find one or many such tents big sign whose medical cookout in aid is...volunteers cooking seasoned donated foods cooler wid drinks..to get life sustaining money...hundreds of Bahamians who been buying tickets to help pore families who dont have medical funds....meeting those collecting hundreds of cook out foods......