The Agricultural Industrial Development (AID) Bank will report to shareholders as it convenes its 17th annual general meeting this morning at Fort Young Hotel.
Challenges for the institution brought on by the global financial crisis and the AID Bank’s achievements for the year will come into focus.
The AID bank will also report on profit levels for the past year, loans outstanding and non performing loans.
Chairman of the AID Bank Ambrose Sylvester and Acting Prime Minister Reginald Austrie will address the meeting.
anonymous u have money man? do like me…consolidatethat loan…pay that off and get a lower rrate at another bank…with scotia bank i now see light at the end of the tunnel
10% i wish. My student loan has an interest rate of 18%
GRANTS??? Which grants? Development funding is riskier than commercial funds and therefore carries higher interest rates. There are regional banks operating here that give loans at significantly higher interest rates. Why do we always cry down our own.
AID Bank is a killer bank!! i cannot believe how a Bank strinving on grants can charge such hight interest rates on satudents loans…10% ? come on …come on!!! this is what the Government should look at..forcing AID bank to reduce those high interest rates!!!!