Source of Funds

The Bank's main source of long-term funds is the Caribbean Development Bank. They have been the provider of funds to the AID Bank from its inception and provide funding in the areas of Agriculture, Tourism, Manufacturing, Services, Transportation, Mortgage and Education.

The Bank also sources funds from the Dominica Social Security.

Progress to Date

The Bank while showing encouraging growth registered a loss as reported in its financial statements of June 30, 2005. Total assets stood at $125.8 million. Shareholders' equity registered $23.4 million.

Credit

From inception to date (30/6/2006) the AID Bank has approved loans totaling $353.1 million and disbursed $304.3 million into the economy of Dominica.

Annual Reports

• AID Bank Annual Report 2002 - 2003

  For the financial year ended June 2003, the Bank’s totalassets increased from $119.8mnto $120.1mn andshareholders’ equity declined by 7.5 percent from$28.1mn to $25.96mn due to a reduction in retainedearnings. [DOWNLOAD]

• AID Bank Annual Report 2003 - 2004

  Under the European Union (EU) Enterprise Development Fund, the Bank approved technical assistance grant funds for 140 customers amounting to $2.59 mn, while disbursements totaled $1.85 mn. [DOWNLOAD]

• AID Bank Annual Report 2005 - 2006

  Profi t from operations increased by 7.86 percent over the last period to reach $2.44 mn. However, after accounting for impairment losses on loans and advances and foreign exchange adjustment, the result depicted a net profi t of $0.84 mn. [DOWNLOAD]