IMF finds weaknesses in two Bahamian banks

Central Bank of The Bahamas
Photo: Mikael Latreille

Two large Bahamian banks could be undercapitalised in the event of a severe economic downturn, International Monetary Fund stress tests reveal.

If hit with the “perfect storm” scenario, the banks’ capital levels could fall below the 14% capital adequacy ratio, the fund finds. The two banks account for 15% of the Bahamian system’s assets, the report says.

The perfect storm scenario simulates the effects of a US recession coinciding with a major hurricane. In the scenario, GDP would contract by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account