Credit Activities - Progress to Date
Source of Funds
The Bank's main source of long-term funds is loans from organizations such as the Caribbean Development Bank and the Dominica Social Security. The CDB has been a 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 DSS is a shareholder of the AID Bank.
Annual Reports
AID Bank Annual Report 2008 - 2009
Net profit of $1.22million increased by 48.70% over that attained in 2008. In addition, the return on assets was 0.93%. Non-performing loans were reduced to 18.66% of total outstanding principal.[DOWNLOAD]
AID Bank Annual Report 2007 - 2008
In presenting the Chairman's report to shareholders and other interested parties last year on the Bank's performance for the 2006/07 fiscal period, I referred to some major challenges which helped to determine or
shape the financial and economic landscape internationally, regionally, and even at the domestic level.[DOWNLOAD]
AID Bank Annual Report 2006 - 2007
After accounting for impairment losses on loans and advances, and having to sustain a foreign exchange loss of $0.53 mn, the bank recorded a net profit of $1.003mn, an increase of 18.84% over the previous year. [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]
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 2002 - 2003
For the financial year ended June 2003, the total assets of the Bank increased from $119.8mnto $120.1mn and shareholders equity declined by 7.5 percent from$28.1mn to $25.96mn due to a reduction in retained earnings. [DOWNLOAD]