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Staying in sync
January, 1988. Economy is about to
bloom in Aruba. Tourism is rapidly increasing and
the island is rich
in new initiatives and interesting projects. This
is when the Government of Aruba and several private
parties join forces to establish a new bank catered
to the needs of the ambitious: The AIB BANK.
Synchronized
with the economy of the island, AIB BANK has been
serving different needs during changing
tides.
The first years, AIB BANK played an important role
in the significant investment boom in the expansion
of the hotel room inventory, facilitating the economic
structure the island knows today.
Soon the ‘second
round’ of related investments
followed and again AIB BANK participated in the
process. The primary focus was project financing,
but with the
growing monetary sector to support the economic
development, competition intensified. AIB responded
by amplifying
its services. In the years that followed, financial
and advisory services were added to our portfolio,
as well as a special Fund for development projects
in the public sector, Fondo Desaroyo Aruba. Today,
AIB BANK offers an unmatched range of integrated,
financial, economic and management services to
both the private and the public sector.
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