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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 22 days · First seen · Last updated

Fiji banking sector expansion and modernization

Overview

The banking sector in Fiji is undergoing a period of physical expansion and technological modernization. HFC Bank initiated this trend by opening a new branch in Pacific Harbour to serve growing tourism and residential sectors, a move CEO Rakesh Ram described as a strategy to “invest in regional and growing centers.”

Following this, other financial institutions have increased their local presence and technical capabilities. BRED Bank Fiji established a new headquarters in Suva and modernized its international payment systems by migrating to a cloud-based issuing platform to enhance security and e-commerce support. Simultaneously, Westpac Pacific introduced the ‘Future Banker Development Series,’ a six-month training program designed to strengthen professional expertise for emerging bankers in Fiji and Papua New Guinea.

Entities

Fiji · BRED Bank Fiji · Pacific Harbour · Fiji National Provident Fund · Rakesh Ram

Timeline

  1. 9 days ago

    [BUSINESS] 6 sources
    Banking sector in Fiji expands operations and professional training

    Banks in Fiji are advancing regional operations through BRED Bank’s payment system modernization and new Suva headquarters, alongside Westpac’s new professional development program for Pacific bankers.

  2. about 1 month ago

    [BUSINESS] 2 sources
    HFC Bank opens new branch in Pacific Harbour, Fiji

    HFC Bank has expanded its presence in Fiji by opening a new branch at Damodar Arts Village in Pacific Harbour to serve the growing local community.

Sources

bizrapidx.com · businessnewsthisweek.com · fbcnews.com.fj · financialit.net · hfc.com.fj · onlinemediacafe.com · srilankachronicle.com