AID Bank gets high praises

A top Caribbean banker has rated the Agriculture Industrial and Development Bank as a leading performer in a challenging environment.

President of the Caribbean Development Bank William Smith made these remarks at the 40th Anniversary Awards Dinner of the AID Bank over the weekend.

He said the bank has played a crucial role in the economic development of Dominicans.

“It has been 40 years of opening up and broadening access to credit by small and medium size businesses. It has been forty years of creating new opportunities and making a difference in the lives of thousands of ordinary Dominicans, of creating new opportunities and making a difference. It has been forty years of making an invaluable contribution to your small nation’s economic and social development. These are achievements of which this institutions and all Dominicans can be justifiably proud. From humble beginnings in 1971, AID Bank has morphed into a sound financial institution,” he said.

According to William, the growth of the AID Banks balance sheet over the past forty years is testimony to the success of the organization.

Meantime Acting Prime Minister Ambrose George has called on the AID Bank not to be complacent.

He said while the AID Bank must be commended on its achievement. “Please permit me to remind you not to become complacent, but to learn from the lessons of the global financial crisis and to continue to advocate the need for the fundamental principles of cooperate governance, the strengthening of international control and due diligence, the ensuring of ethical management of practices, all of which will construct to the overall performance and transparency of the organization…” he said.