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Bank of St. Vincent and the Grenadines Ltd.
from 2022 Annual Report
by BOSVG
Notes to the Consolidated Financial Statement
For the Year Ended December 31, 2022
(in Eastern Caribbean dollars)
31. Related Party Balances and Transactions …...Cont’d Other related party balances with the Group:
The loans issued to directors and other key management personnel are repayable monthly over an average of 1 1.3 years and have a weighted average effective interest rate of 5.4% (2021: 4.52%).
Interest income and interest expense with other related parties:
Key management includes the Executive Management team. The compensation paid or payable to key management for employee services is shown below:
