The Bahamas Development Bank

able Beach and has a staff compliment of 38. It is the Government's primary provider for promoting industrial, agricultural and commercial development; facilitating participation in approved enterprises, stimulating and enhancing the economic development of the Bahamas. The Bank serves a wide and diverse population, its clientele being drawn from all levels of the Bahamian society throughout the archipelago. The bank is mandated to provide financing for economically viable projects that:


Create employment
Utilize Bahamian materials and resources
Reduce imports and increase exports
Introduce new technology and skills
Promote prosperity for all Bahamians. Recognizing a need to provide development financing in the second city, Freeport, management opened a branch in Grand Bahama on July 15, 1986. The Branch is presently located in the Jasmine Corporate Center, East Sunrise Highway. Four persons are employed the Branch.