Bahamian financial sector shrinks by more than a third in six years
De-risking in international finance has disproportionately hit Caribbean banks, Rolle says
Total assets in the Bahamian financial sector have fallen by more than a third in six years, the central bank revealed in an industry briefing on January 4.
Total on- and off-balance sheet assets fell from $657.9 billion to $426.2 billion between 2012 and September 2018, equivalent to a 35.2% reduction.
The Central Bank of The Bahamas said the decline was largely due to a “shift in business models” and “de-risking” of financial institutions, but other figures could indicate the industry is in
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