Shares in financial services provider BCB Holdings fell by almost a quarter on Monday after the group revealed that it swung into the red in the year ended 31 March.

Reported a net loss of $7.3m, compared with a net income of 25.9m the year before, primarily as a result from lower interest income and higher expenses.

Operating losses totalled $30.3m, down from a profit of $7.3m previously. Loss per share fell to $0.07, from a profit of $0.27.

Source: http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4319109

How save are Belize Banks in general, with many bad credits and so many businesses in receivership?