Commonwealth Bank reports 11.8% profits increase, credits loan portfolio quality, net interest income management

Press Releases Leave a Comment

Commonwealth Bank today reported an 11.8% increase in net profits from $29.2 million for the six months ending June 30, 2015 to $32.7 million for the same time period this year, crediting tight management of its loan portfolio and an improvement in net interest income.

The results, released by Chairman William B. S ands, Jr. and welcome news for the all‐Bahamian bank’s 6,000+ shareholders, reflected a long‐established pattern of conservative lending practices and tight quality control of accounts. It’s a pattern that has paid off in several ways, not just in bottom line net profits and customer loyalty building, but a non‐performing loan ratio that is far below the industry standard.


Leave a Reply

Your email address will not be published. Required fields are marked *