About The Bahamas Development Bank


Who We Are

A passionate team dedicated to making a
difference for the Bahamian community

BDB is led by visionary professionals dedicated to innovation and sustainable development. Our board of directors provides guidance through strategic direction and oversight while our Executive Committee brings expertise in Finance, Economics, and Environmental & Social Sustainability.

Our dedicated staff is the driving force behind our mission, working collaboratively to turn vision into action and create lasting positive impact.

Our Work

We provide financing for economically viable projects:

Across A Range
Of Sectors

Throughout The
Bahamian Archipelago

For Businesses Of
All Sizes

The Core
Principles That
Drive Everything
We Do

Our Vision

To be the developmental financial institution of choice for Sustainable Development throughout The Bahamas.

Our Mission

To be the Government’s catalyst in facilitating and stimulating sustainable development through economic expansion and diversification throughout the Commonwealth of The Bahamas.

Our Values

Our Team:

  • Fosters trust and integrity with our customers and colleagues
  • Upholds accountability and transparency to our stakeholders
  • Delivers excellent, professional customer service
  • Provides innovative products & services
  • Is adaptable & embraces change

A Powerful History Centered Around
Making a Difference

1973

Bahamian Independence

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1974

Bahamas Development Bank established by an Act of Parliament

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1978

Bahamas Development Bank opens its doors

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1979

Warren Logan Rolle (1979 – 1988) appointed as Managing Director

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1986

The Freeport Office is established

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1988

Benjamin H. Rahming (1988 – 1993) appointed as Managing Director

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1993

Sterling Quant (1993 – 1997) appointed as Managing Director

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1997

Paul D. Major (1998 – 2000) appointed as Managing Director

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1999

The Abaco Office is established

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2000

George E. Rodgers (2000 – 2007) appointed as Managing Director

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2000

The Bahamas Development Bank is recapitalized

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2007

Mr. Calvin B. Knowles (2007-2009) appointed as Managing Director

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2009

Mr. Anthony F. Woodside (2009-2013) appointed as Managing Director

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2010

Abaco Office Closes

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2013

Mrs. Arinthia S. Komolafe (2013-2016) appointed as Managing Director

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2016

Benjamin H. Rahming (2016-2018) appointed as Managing Director

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2018

Mr. Dave S. Smith (2018-2021) appointed as Managing Director

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2018

Re-engineering The Bahamas Development Bank

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2020

The New Bahamas Development Bank

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2022

Mr. Nicholas Higgs appointed Managing Director (2022 – 2025)

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2024

Pioneering Progress: $30 Million Recapitalization

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2024

BDB Celebrates the 50th Anniversary of its statutory legislation

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