No big hike in loans
WITH JUST FIVE shopping days left before Christmas, it seems Barbadians have continued to demonstrate prudent borrowing from commercial banks.
According to president of the Barbados Bankers Association and head of Royal Bank of Canada (RBC) and RBTT, Horace Cobham, there has been no dramatic increase in loan applications.
He told the DAILY NATION yesterday that the demand for loans remained “steady” with an uptick from late November into early December.
Early last month Cobham predicted that while there would be “a little lift” in loan demand, it would not reach the levels of 2005 and 2006. (NB)
Full story in today’s DAILY NATION.