Building

Bahamian Dreams

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About us

BANK’S PROFILE

The Bahamas Development Bank, a wholly owned government institution, was established in 1974 by an Act of Parliament. It became operational on July 21, 1978. Its office was located in Rawson Square on Bay Street, across from the historic House of Parliament prior to its current location in Cable Beach.

Our principal functions are to:

  • Promote industrial, agricultural and commercial development
  • Facilitate participation in approved economic enterprises
  • Stimulate and enhance the economic development of the Bahamas
  • Finance economically viable projects that:
    1. Create employment
    2. Utilize Bahamian materials and resources
    3. Reduce imports and increase exports
    4. Introduce new technology
    5. Promote prosperity fir all Bahamians

The Bank provides funding for the following sectors:

  • Agriculture
  • Fisheries
  • Manufacturing
  • Services
  • Tourism
  • Transportation

The Bank provides funding inclusive of the following projects/activities:

  • Purchase of moveable fixed assets; for example machinery and equipment (new and used)
  • Expansion and/or rehabilitation of existing enterprises
  • Construction of commercial structures (expansion or modification)
  • Permanent working capital as part of the project under consideration