STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
NATIONAL ENTREPRENEURSHIP DEVELOPMENT
COMPANY LIMITED (NEDCO)
TAURUS SERVICES LIMITED (TAURUS)
National
Entrepreneurship
Development
Company Limited (NEDCO) was incorporated on
April 25, 2002 as a wholly owned State Enterprise
Taurus Services Limited (Taurus) is a wholly
owned State Enterprise established for the
acquisition and recovery of some of the assets
of Workers’ Bank (1989) Limited and assets
subsequently acquired through collections
to provide credit to the small andmicro enterprise
sector including start-up capital at a preferred
rate of interest.
and sale of securities. In addition, the company
facilitates the restructuring of State Enterprises
through the removal of non-performing loans
from their books.
ECONOMIC INFRASTRUCTURE
TRINIDAD AND TOBAGO MORTGAGE FINANCE COMPANY LIMITED
(TTMF)
ATRIUS LIFE INSURANCE CO. LIMITED (ATRIUS)
Trinidad and Tobago Mortgage Finance Company
Limited (TTMF) was incorporated on December
3, 1965. It is a specialised housing financial
institution and an ‘Approved Mortgage Company’
(AMC) under the Housing Act of 1962. Its main
objective is the implementation of Government’s
housing policy by the provision of mortgage
financing to home-owners in the lower and
middle-income groups.
TTMF currently issues AMC mortgages ranging
from $200,000 – $850,000 at interest rates
Atrius Life Insurance Co. Limited (ATRUIS)
is a fully-owned State Enterprise which was
incorporated on December 5, 2012. ATRIUS
is responsible for the management of existing
varying from 5% to 7%. The company also
provides mortgages for homes constructed
by the Housing Development Corporation of
Trinidad and Tobago (HDC) at the subsidised
interest rate of two percent (2%).
The company is currently pursuing a merger
with Home Mortgage Bank (HMB) with a view to
forming the Trinidad and Tobago Mortgage Bank
(TTMB).
traditional portfolios of business acquired from
both Colonial Life Insurance Company Limited
(CLICO) and British American Insurance
Company Trinidad Limited (BAT).
