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Griffon Bank donates XCD10,000.00 to PSFH

January 10, 2007

Griffon Bank Limited, has once again affirmed its commitment to the improvement of the health care system in Dominica with the donation of their second annual contribution to the Private Sector Foundation for Health (PSFH).

IBAN is mandatory in Europe on 1 January 2007

January 1, 2007

Under the European Union directive on payments and due to the move into the Single Euro Payments Area (SEPA), the account number in the IBAN (International Bank Account Number) format and the BIC code of the beneficiary's bank will become mandatory in cross-border payments in Europe on 1 January 2007. Banks are not allowed to transmit payments if the beneficiary's account number is not in the IBAN format.

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