HAGATNA Guam – At the April 10 meeting of the Board of Governors of the Pacific Islands Development Bank the bank’s president and CEO Aren Palik reported the organization’s operational performance and results for 2013 summarizing that the bank registered strong balance sheet growth with 25% growth in loans receivable 18% growth in stockholders’ equity 14% growth in total assets and 44% growth in retained earnings. He added that in 2013 Marshall Islands fulfilled its membership capital of $1 million while Yap State infused an additional $439 000 in equity capital increasing its total shares to $1.4 million. The president also reported that the bank brought delinquency under control and had a clean audit with “unqualified”” opinion.