Dominica Agricultural Industrial & Development Bank

CariCRIS reaffirms its credit ratings for Dominica Agricultural, Industrial and Development Bank.

Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed its ratings on the debt issue of the size of USD 10 million of Dominica Agricultural, Industrial and Development Bank (DAID Bank) of CariBBB- (Foreign Currency Rating) and CariBBB- (Local Currency Rating) on its regional rating scale. These ratings indicate that the level of creditworthiness of this obligation, adjudged in relation to other obligations in the Caribbean(1) is adequate. more »»...

Mr. Martin Charles has been appointed to serve as the new Chairman of the Board of Directors of the Dominica Agricultural Industrial and Development Bank (DAIDB), effective 19th April, 2012. more »»...

The Dominica Agricultural Industrial and Development Bank [AID Bank] continues to fulfill its mandate to foster growth and development in the Commonwealth of Dominica through increased lending to the economic and social sectors of the economy. more »»...

The financial condition of the AID Bank at the end of the Financial Year, June 30, 2011 improved as a result of a significant increase in its Shareholding due to the transfer of the assets of the Industrial Estate Unit [IEU] by the Government to the Bank. more »»...

In support of the Government’s initiatives to assist the countries of St. Lucia and St. Vincent, which were hardest hit by the passage of Hurricane Tomas, the Dominica Agricultural Industrial and Development Bank [AID Bank] has spearheaded a number of efforts in arranging critical Hurricane relief supplies to these two countries. more »»...