The Government of The Bahamas, as the 65% majority owner, re-affirms its unqualified support for The Bank of The Bahamas. Accordingly, customers of the Bank have no reason to be concerned. Their money is safe and secure. Indeed there is no greater support that any bank can have than the backing of the sovereign government of the country. The Bank of The Bahamas has that backing. Indeed the Government has just recently demonstrated that commitment and support.
The Government does not control or interfere in the management of BOB. The Government is aware, however, that the Bank has already made a number of positive changes to its policies, practices and management structure which will prove beneficial to the Bank as it moves forward. Moreover, additional improvements to the governance of the bank will be made in due course. In the meantime, however, all customers and the public alike can rest assured that the Bank of The Bahamas is sound, that its fundamentals remain strong, and that it has the full backing of the Government.
