Before, he said, they could take as many as two or three days to clear. As well as being beneficial to the consumer, Mr. Esau said it is also an incentive for the banking institutions.
“Everest continues to deliver a solid performance with double digit returns on equity,” said Dominic Addesso, president and chief executive officer.
Stephen Lansdown, who was appointed as Chairman in September, welcomed the results but said the financial services sector continued to face an ever-increasing regulatory burden.
Another topic at CHOGM was Fintech, which according to Senator Thompson, the Bahamas wants to be a leader in that industry.