Home  |  Branches  |  Careers  |  FAQs  |  Feedback
Search
Two new branches for the North
Print this page   
27 July 2010

In a bid to boost growth in the agricultural sector, the Fiji Development Bank expects to open two new branches in the Northern Division in the next two months. The Bua Branch at Nabouwalu and the Taveuni Branch at Waiyevo are expected to be operational before the end of September 2010. The two areas were serviced previously through agency visits from the Bank’s Seaqaqa and Savusavu Branches respectively. The cost of setting up the two new branches is estimated at $0.7million. Its opening will bring to 11 the total number of branches FDB has operational Fiji-wide.

 Chief Executive Officer Deve Toganivalu says that the additional branches will provide the impetus needed to spur resource-based development as well as improve financial services to the people of Taveuni and Bua.“The additional branches are something that we have worked on for the past year and finally it is becoming a reality. I know the people in Bua and Taveuni are as excited as we are to finally provide for them full banking service instead of the agency service provided previously,” he said.

The new branches will now afford clients in the area on the ground service, faster turnaround in assessments and decisions as well as provision of financial facilities that are better suited to their needs. The Bank focuses its lending to people interested in developing, setting up or expanding their business enterprises in the agriculture; manufacturing; transport, communications and storage; and mining and quarrying sectors. The Bank is also interested in developing micro, small and medium enterprises in the wholesale, retail, hotels and restaurants as well as the professional and business service sectors.
END
 

News Archive
Jul
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Jan
Feb
Apr
May
Jun
Jul
Aug
Sep
Oct
Dec
Jan