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Fiji Time: 6:26 PM on Thursday 24 April

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Here to stay

Frederica Elbourne
Saturday, December 01, 2012

BRED Bank is making its presence felt even though it has only one branch in the country.

"Competitor banks have finally responded by reducing some lending rates for home loans and motor vehicle loans but have not responded to the high deposit rates paid by BRED Bank," the bank said in a statement.

The bank is working to have more branches, ATMs and EFTPOS terminals at the country's main centres and currently offers internet bank facilities for individuals and businesses alike.

BRED Bank has 905,000 customers in its global operations with banking presence in the Pacific and representation in Vanuatu, New Caledonia and Tahiti.

Bred Bank has investments in Bank of Queensland, Bank of Adelaide and Bendigo Bank in Australia.

It has banks in China, Laos, Bangkok and Djibouti. The bank bears the slogan "Its All About You". BREDBank is keen to become the preferred banker for professional people in the fields of medicine, finance, IT, infrastructure, communications and business.

"They recognise and appreciate that for far too long, banking customers in Fiji have been neglected and a void exists with respect to customer expectations and actual service received. BRED is here to fill that void," a press statement from the bank said.