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Bahamas: Exuma Chamber of Commerce fears Scotia’s exit will impact half the banking population

NASSAU, BAHAMAS — The Exuma Chamber of Commerce president said yesterday that half of the island’s banking population will be impacted by Scotia Bank’s exit, with no other institution having stepped up to this point to fill the gap.

Pedro Rolle told Eyewitness News that while the reopening of Sandals Emerald Bay scheduled for February 23 was “positive news” for the island, it underscored the island’s banking woes.

Sandals’ top executive said the resort has seen booking levels increase “day by day” in light of strong demand for the destination, while confirming the opening dates of its Emerald Bay and Royal Bahamian properties. As previously reported by Eyewitness News, Sandals Emerald Bay on Great Exuma will welcome guests on February 24 and Sandals Royal Bahamian on March 31.

“The situation with Sandals is positive, that’s good news for the island and certainly as it relates to employment. The fact that Sandals is opening up, though, brings us to a very troubling thing as it relates to banking,” said Rolle.

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