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Launch of Financial Sector (Annual Banking) Survey, 2007

Published Friday January 4th, 2008

The Central Bank is once again pleased to announce the continuation of the Financial Sector (Annual Banking) Survey. In the past few years we have been gradually improving our coverage of non-bank activities, being in a better position to assess the overall contribution of the financial services sector to the economy. The latest results for 2006, which can be found in the Quarterly Economic Review for March 2007, revealed that the financial sector continued to contribute positively to the growth in the Bahamian economy which was evident by an increase in the total number of persons employed by 211 to 4,662.

As always, we appreciate and continue to rely on the contribution of the banking sector to this exercise. We therefore request your assistance in obtaining the relevant data for 2007, as outlined on the survey forms below.

Kindly note that a separate form must be submitted for each public, restricted and/or non-active banking institution managed or represented by your institution. Form A is to be completed by non-managed banks or institutions as well as the parent company which manages other institutions. Form B is to be completed by those institutions under management. To facilitate the efficient processing of the data, please use the assigned bank code(s).

We would be most grateful if the completed form(s) could be returned to the Research Department, to the attention of the Manager, no later than January 31, 2008. Any queries relative to the report may be directed to either, Mr. Kevin Armbrister or Mrs. Peggy Winder, Assistant Statisticians, Research Department. Please be assured that the information provided will be held in the strictest confidence. Copies of the consolidated reports will be made available, upon request.

Thank you for your continued cooperation in this exercise.

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