Fiji Time: 12:45 AM on Saturday 25 October

Fiji Times Logo

/ Front page / Features

More competition

Ana Madigibuli
Saturday, December 01, 2012

BRED Bank Fiji was urged by the Attorney General Aiyaz Sayed—Khaiyum to be more robust when entering the market. He made the comment during the official opening of BRED Bank's new headquarters at TappooCity in Suva earlier this month.

Mr Sayed—Khaiyum said the bank needed to ensure there was a lot of competition with the other banks already in the market. He said BRED Bank, like any new bank, needed the support of the people.

"As the governor of the Reserve Bank of Fiji had highlighted at the opening of the BRED Bank branch a couple of weeks ago, BRED Bank has met all the numerous requirements that has been put in place by RBF which has set Fiji as a financial hub of the South Pacific region," Mr Sayed—Khaiyum said.

"We cannot be a financial hub if we do not have proper rules and procedures in place to be able to attract investments. "We already have great services provided by four other banks but with the entry of BRED Bank we hope again to lift our services," he said.

"We have seen now a couple of competitions taking place in the market which is good for the customers because it provides a point of differentiation.

"The introduction of a new company or foreign investment in Fiji is always welcomed."

Mr Sayed—Khaiyum said the opening of the new bank in Fiji was even more special with its head being a local.

"The BRED Bank CEO is the first Fijian to head a bank in Fiji," he said. Satish Deb is the chief executive officer of BRED Bank Fiji.

Mr Sayed—Khaiyum also welcomed the executive heads of BRED Bank into the country.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Kepa's not weak
  2. Full pay while on leave
  3. Ryan's fight to help 7s
  4. Emotional experience
  5. Fear not, go to the hospital
  6. Hindus give thanks
  7. Call to probe e-ticketing
  8. FRCA officials remember fallen colleagues
  9. UN hails Fiji's effort
  10. Print media an effective cancer awareness tool

Top Stories this Week

  1. Death shocks family Monday (20 Oct)
  2. Biman gets nod Saturday (18 Oct)
  3. Inside Fiji sevens Tuesday (21 Oct)
  4. Budget overspent Wednesday (22 Oct)
  5. Public access Tuesday (21 Oct)
  6. Forgery suspect still in remand Tuesday (21 Oct)
  7. Kepa's not weak Friday (24 Oct)
  8. $20m in excess Wednesday (22 Oct)
  9. Full pay while on leave Friday (24 Oct)
  10. $11.9m in arrears Wednesday (22 Oct)