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Financial Reports


Financial Stability Report says too much liquidity in system

Overall, in 2018, the pre-tax net income of commercial banks fell by about five percent, says the report, before adjusting for losses due to the government’s restructuring of its public debt.

Sagicor’s CEO seems on track to earn US$30m in six years

In addition to the base salary of US$700,000 per year and the one-time lump sum cash payment of equal to US$1.35 million, Mr. Miller would this year also be able to earn an annual incentive bonus payable in cash of up to 1.91 times his base salary of US$700,000, or just over US$1.3 million.

Haynes: Don't expect economy to grow this year

In its economic review for the first quarter the Central Bank of Barbados says that faster project implementation is need if the economy is to achieve more growth than that in 2019.
Commentary & Analysis

Cash and debit cards still rule

Debit card usage grew in 2018, with almost ten million transactions totalling $1.2 Billion dollars.

Massy Holdings to launch initiative

With the road to growth a slow and often bumpy ride, the Massy Group sees its path to profits in cutting costs and improving efficiency across the board,

Conservative impairments reduce Consolidated Finance's profits 2018

Income before the write-offs was $4.7 million, and and tax credit of $4.8 million left the company with a small profit of just under half a million dollars for the fiscal year.

Sagicor improves performance, but takes US$99m loss on GoB debt

Group net income was US $103.0 million, compared to US $116 million in the prior year.

In 2017, Massy Group net profit fell 23%

However, according to Chairman Robert Bermudez, the Group remained “financially strong with market leading positions in its core industries,” and with Third Party Revenue growing by 2%