Commonwealth Bank AGM: The country’s leading Bahamian Bank reports “Success Through Challenge”

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More than 250 Commonwealth Bank shareholders filled the ballroom at SuperClubs Breezes, Cable Beach, for the Bank’s Annual General Meeting held May 23, 2012 to hear a positive report on the bank’s milestone climb to $1.5 billion-plus in assets, record profits and quarterly common dividends which increased by 20% to 6 cents per share in 2011.

Under the theme, “Success Through Challenge”, Executive Chairman, William B. Sands, Jr., told a crowded room of shareholders that the Bank’s performance for the financial year ended December 31, 2011 remained strong, amassing a net income of $51.8 million – representing the second most profitable year in the Bank’s history.


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