AID Bank Chairman & Dominica Resident Ambassador to China Martin Charles claims Government has made special arrangements for persons who borrowed to provide services for Ross University Students
The Government of Dominica says it has made special arrangements for persons who borrowed to invest and provide services for Ross University Students at the AID BANK. Tourism Minister Senator Robert Tonge says the special arrangements will include in an interest rate of 2% on a reducing balance, repayment over four years inclusive of a one-year grace period on the interest and principle,plus a combination of 50% loan &50% grant to property owners to meet their loan obligations. Tonge says government intends to ensure the properties in Portsmouth are in good condition to welcome the replacement of Ross University
Tourism Minister Sen. Robert Town
Meantime, Aid Bank Chairman and Resident Ambassador of the Commonwealth of Dominica to the People’s Republic of China, Martin Charles, says public confidence is crucial in ensuring the future of the Aid Bank, so they will continue to maintain a public presence and will also fulfil their corporate responsibility.
Charles claims that progresses was made over the course of the Bank’s last financial year, as regards its risk and compliance structure, human resource development, health and wellness, and that 95% of the buildings have been restored, including the banks offices, in keeping with the notion of climate resilience.
He added that the bank will continue to seek funding to develop modern state of the art facilities, and that it important for persons to keep up with their obligations to the bank, as this will help the bank in pursuing development projects.
Chairman of the Aid Bank and Dominica’s Resident Ambassador to the People’s Republic of China, Martin Charles.
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