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 2011 - 2012

  The year in review was also the third of the AID Bank five year strategic plan for the period 2009 to 2014 and in the face of continued uncertainty in the global environment the AID Bank continues to make a solid contribution to private sector growth and to roll out new elements of its strategy..[DOWNLOAD]

• AID Bank Annual Report 2010 - 2011

  During the financial year under review the AID Bank continued to execute its medium term Strategic and Operational Plan (2009-2014) guided by policies and programmes aimed at fostering growth and development in the Commonwealth of Dominica through increased lending to the economic and social sectors of the economy.[DOWNLOAD]

• AID Bank Annual Report 2009 - 2010

  Loan Approvals for the year totalled $41.9 million, the highest ever recorded in the 39-year history of the institution. This level of approvals was three times that recorded for the preceding financial year ended June 30, 2009; two times the average level approved for the past ten [10] years and greater than the budget for the year by 18.0 per cent.[DOWNLOAD]

• 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]