Chairman of the Dominica Agricultural Industrial and Development (AID) Bank Martin Charles has announced that the bank recorded a net profit on operations of XCD$ 0.487 million as of June 30th 2017.
He said the bank was able to increase loans approvals over the last financial year to a value of XCD$ 16.8 million.
However, Charles said loan disbursement also declined during that same year.
Charles was speaking at the bank’s Annual General Meeting at the Goodwill Parish Hall yesterday.
Meantime, Charles said the bank’s Strategic Plan for the period 2017 to 2020 has been approved.