{"id":8222,"date":"2011-05-03T08:16:32","date_gmt":"2011-05-03T12:16:32","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=8222"},"modified":"2011-05-03T08:24:37","modified_gmt":"2011-05-03T12:24:37","slug":"central-bank-reports-net-income-decline","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/05\/central-bank-reports-net-income-decline","title":{"rendered":"Central Bank Reports Net Income Decline"},"content":{"rendered":"<p>Net income for the Central Bank of The Bahamas dropped 17.8 percent during the 2010 fiscal year.<\/p>\n<p>The results were revealed in the Central Bank\u2019s 2010 annual report. The current figure for the year ended December 31, 2010 stood at $2.57 million, dropping from the $3.13 million recorded in the 2009 fiscal year.<\/p>\n<p>Although the bank\u2019s total income grew by $263k from $24.38 million to $24.64 million, its total expenses were $22.06 million, thus the $2.57 in net income.<\/p>\n<p>Interest on foreign investments declined 11.2 percent from $14.5 million in 2009 to $12.87 million in 2010, while interest on domestic investments slightly decreased from $7.6 million to $7.2 million.<\/p>\n<p>Interest on loans increased 38.3 percent from $1.27 million in 2009 to $1.75 in 2010, and other income greatly increased by 146 percent from $1.32 million in 2009 to $3.26 million the following year.<\/p>\n<p>The Central Bank\u2019s total assets also grew during the 2010 fiscal year, increasing from $1.06 billion in 2009 to $1.18 billion in 2010, due in part to the growth of some of the stocks and bonds in the financial institution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net income for the Central Bank of The Bahamas dropped 17.8 per cent during the 2010 fiscal year.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","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":[3],"tags":[83,29,98],"class_list":["post-8222","post","type-post","status-publish","format-standard","hentry","category-business","tag-banks","tag-economy","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8222","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=8222"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=8222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=8222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=8222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}