Latest News

Dec

A cash donation from the AID Bank to the Christian Union Primary School contributed to...

Dec

In December 2016, AID Bank left an indelible impression on some of the pupils at...

Dec

In the spirit of the Christmas Season, the staff of the Dominica Agricultural Industrial...

AID Bank Customer Concessions Programme - Post Hurricane Maria

- To offer a grace period on principal and interest to customers affected by Hurricane Maria as follows:

 

(1) An initial grace period on principal and interest effective September 2017 to the various sectors as outlined below:

  • Tourism - six (6) months
  • Manufacturing - four (4) months
  • Services and Transportation - four (4) months
  • Agriculture - six (6) months
  • Housing - four (4) months
  • Education - four (4) months
  • Staff - four (4) months.

 

(2) That either of the following options will be presented to the customer for the settlement of the interest during the grace period:

  • that the accrued interest be capitalized at the end of the grace period; or 
  • that the customer pays the interest monthly during the grace period; or
  • that the interest be set aside at a low interest rate of 2%.

(3) The above concessions will be based on need, that is, those who were impacted by the Hurricane.