CariCRIS Credit Rating
Caribbean Information and Credit Rating Services Limited (CariCRIS), the Caribbean regional credit rating agency, has assigned ratings of CariBB+ (Foreign Currency Rating) and CariBB+ (Local Currency Rating) on its Caribbean regional rating scale to the USD 10 million debt issue of Dominica Agricultural, Industrial and Development Bank.
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THE INVEST DOMINICA AUTHORITY [IDA] AND THE AID BANK
An Agreement of Mutual Cooperation/Collaboration was signed on Tuesday 17, November 2009, between the INVEST DOMINICA Authority [IDA] and the Dominica Agricultural Industrial & Development Bank [DAIDB].
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DOMINICA AID BANK APPROVALS JULY TO OCTOBER
The Dominica AID Bank has reported total approvals of 166 loans with a total value of EC$16.78 million during the four month period to October 30, 2009 of the financial year of July 1, 2009 to June 2010. These approvals were above both the actual approvals recorded for that same period ending September 30, 2008 by 178.98 per cent and the budget for the period by 42.4 per cent.
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AID BANK SPONSORS BUSINESS PLAN INNOVATION AWARDS
The Dominica Agricultural Industrial and Development Bank (DAIDB) will be sponsoring the Business Plan Innovation Awards (BPIA) of the Dominica Youth Business Trust (DYBT) for a two year period at total cost of EC$46,000.
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SPECIAL HOUSING FACILITY TARGETTING INDIVIDUALS CLOSE TO RET
The Dominica AID Bank is earmarking EC$ 1.0 million to provide loans for home Improvement for senior citizens who are close to retirement. These funds will be drawn from a line of credit of US$10 million which the Bank expects to receive shortly from the Bank of Economic and Social Development of Venezuela (BANDES).
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