In a press statement issued today, Prime Minister and Minister of Finance, the Rt. Hon. Perry Christie said The Government stands fully behind BOB and assured the public that the bank is sound and solid. The statement read as follows:

The Government of The Bahamas, as the 65% majority owner of the Bank of The Bahamas, stands fully behind the Bank and assures its customers and the general public that their money is safe and secure. There is absolutely no reason for any fear or concern on that score. The Bank is sound and solid. The Bank has consistently received unqualified audit reports from its external auditors and like all other banks is closely regulated by the Central Bank of The Bahamas to ensure conformity with regulatory requirements and international standards and practices.

Photo-caption: The Right Hon. Perry G. Christie, Prime Minister