{"id":241811,"date":"2003-03-31T12:59:10","date_gmt":"2003-03-31T17:59:10","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2003\/03\/cap-blocks-bank-from-doing-normal-business"},"modified":"2003-03-31T12:59:10","modified_gmt":"2003-03-31T17:59:10","slug":"cap-blocks-bank-from-doing-normal-business","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2003\/03\/cap-blocks-bank-from-doing-normal-business","title":{"rendered":"Cap Blocks Bank From Doing Normal Business"},"content":{"rendered":"<p>Banks &#8220;cannot do what they&#8217;re in business to do&#8221; with the Central Bank of The Bahamas maintaining the lending cap on commercial institutions, with the high level of consumer debt creating further worries regarding the soundness of this nation&#8217;s financial system.<br \/>\n<P><br \/>\nLarry Gibson, a principal with Colina Financial Advisors, said that remarks made by Central Bank governor, Julian Francis, that total credit within this nation&#8217;s financial system was $4.2 billion, with $0.5 billion of this repaid per annum, indicated that loans were on average fully repaid every eight years.<br \/>\n<P><br \/>\n&#8220;Their [the Central Bank] real concern is to protect the foreign reserves, so they are not eroded very quickly if tourism declines and consumer demand stays strong,&#8221; said Mr. Gibson.<br \/>\n<P><B>Source: Neil Hartnell, The Tribune<\/B><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High consumer debt levels further question systems soundness.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-241811","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=241811"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=241811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=241811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=241811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}