Fiji Time: 4:39 AM on Friday 31 October

Fiji Times Logo

/ Front page / Business

Bank reaches out

Geraldine Panapasa
Saturday, February 16, 2013

REACHING out to the unbanked in Fiji has become a priority for BRED Bank following a meeting this week in Paris, France between Prime Minister Commodore Voreqe Bainimarama and senior bank executives.

The meeting also looked at areas of increasing banking investments and operation expansion in the Fiji market. BRED Bank (Fiji) Limited chief executive officer Satish Deb said they had a plan for rural banking that was cost effective.

"We will start rolling this out with the implementation of our distribution plans. Our solution will not place heavy fees and charges on banking products and services for the rural communities or the unbanked," he said yesterday. "We are seriously considering banking agency arrangements in Navua and Tailevu. The outreach program for BRED Bank Fiji to reach out to the unbanked was reinforced by our senior executives at the meeting in Paris.

"There were other very important development areas that were discussed between our two countries and particularly the expansion of BRED Bank in Fiji.

"We will continue to maintain our position in paying the top rates for deposits and providing the best deals on loans."

In a statement, Commodore Bainimarama said the move and confidence by BRED Bank to grow their operations highlighted government's commitment towards increasing foreign investment on the local front including those from the banking sector.





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. On the rise
  2. Dob them!
  3. Murder trial on
  4. New $2 coin with Spanish flower for release
  5. Sweet success
  6. Minister: No drop in FEA bills
  7. Call for drug raids
  8. Canoes Down Under
  9. Department spends $1.4m
  10. $120m for water upgrade

Top Stories this Week

  1. PM's worry Sunday (26 Oct)
  2. Full pay while on leave Friday (24 Oct)
  3. Kepa's not weak Friday (24 Oct)
  4. Ryan speaks out Monday (27 Oct)
  5. 'Widespread abuse' Monday (27 Oct)
  6. Ryan's fight to help 7s Friday (24 Oct)
  7. Passport scam Wednesday (29 Oct)
  8. Theft by workers Monday (27 Oct)
  9. Equal rights Tuesday (28 Oct)
  10. Alert over fake visas Tuesday (28 Oct)