At Monday night’s Board Meeting we discussed the forthcoming quarter’s Dividend, and given the impact that the Covid-19 lockdown has been having on business at Scotwest, it was agreed that there will be no dividend paid from 1 July to 30 September this year.
We have experienced a significant drop in demand for loans throughout lockdown but are pleased to see that Members are beginning to borrow from us again in growing numbers and new Member applications are also increasing. We are hopeful that this increased demand will continue as lockdown restrictions continue to ease.
David McRiner,
Chair
