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Manage money wisely

Geraldine Panapasa
Thursday, February 07, 2013

MORE than 4700 people around the country have benefited from financial literacy workshops organised by Westpac Banking Corporation last year.

This comprised 42 per cent of the 11,308 people who attended financial literacy training programs for 2012, according to the Reserve Bank's financial systems development and compliance group.

RBF deputy governor Inia Naiyaga said Westpac's financial literacy workshops totalled 4737 people within the year, marking the highest number of participants for any financial literacy workshop in the country by a commercial bank.

"This is the second year in a row that Westpac has led the way in providing financial literacy training for adults in Fiji in relation to the total number of participants," he said in a statement.

"The RBF fully supports and applauds the efforts by the various providers in the community who are contributing and empowering consumers through financial education and awareness."

Westpac general manager Adrian Hughes said they had a dynamic and robust process for the delivery of the financial first steps workshop.

He said staff members had embraced the challenge to assist people make better financial decisions.

"Westpac's financial first steps workshop teaches basic money management through identifying the needs and wants, tracking spending habits and the need to keep a budget," he said.

"Westpac also offers a financial literacy workshop called business basics that help participants understand financial reports including balance sheets."

Westpac's microfinance unit and representatives from 19 branches rolled out various workshops to various organisations.

"Last year, we went to offices in the city, rural village community halls and homes, and by boat to islands like Bau, Viwa, Kadavu, Koro and Lau," said Westpac microfinance manager, Jyoti Maharaj.

"Participants were grateful for the workshop."

This year, Westpac Fiji will celebrate 112 years of service and employs more than 470 people at its 20 operational branches.





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