Top List of Banks in Fiji
The banking system in Fiji consists of several banks and financial institutions that serve more than 420,000 customers. The Reserve Bank of Fiji (RBF) is the central Bank of Fiji and regulates the Fiji financial system.
Several national and international financial institutions offer a range of services to businesses and individuals in Fiji, including retail banking, investment banking, mortgage loans, private equity, asset management and insurance. Most banks have a large branch network to cater to customers across the country. The RBF also supervises non-bank financial institutions such as finance companies and moneylenders.
The best banks in Fiji can provide a wide range of financial services to clients. They should offer various banking products, from the most basic to investment accounts. Customers want banks that offer excellent customer service, competitive interest rates, and good credit cards. In addition to these factors, banks should also have accessible branches and ATMs throughout Fiji. Banks that can offer mobile and online banking options also get an edge over their competitors. The following is a list of top banks in Fiji:
ANZ Bank Fiji Limited
ANZ Bank Fiji Limited is a subsidiary of Australia and New Zealand Banking Group Limited (ANZ) based in Melbourne, Australia. It operates as a locally incorporated bank governed by the Reserve Bank of Fiji in Fiji. ANZ Bank provides a range of banking and financial services for individual, business and corporate customers. These include savings accounts, term deposits, personal loans, car loans, home loans, credit cards, international payments, foreign currency exchanges, insurance products and investment options.
In 2015, ANZ had 51,000 employees globally and 3.2 million customers in Australia and New Zealand. ANZ Bank Fiji offers a wide range of banking products and services. They have 13 branches in Fiji, and their teams are committed to providing quality service to our customers. The Bank had an approximated total assets of ($'000). 2,914,489 as of 2015.
Westpac Banking Corporation
Westpac Group is an Australian multinational bank and financial-services provider headquartered in Sydney, Australia. It is one of Australia's "Big Four" banks, and its operations are primarily located in Australia and New Zealand. It also has branches in China, Fiji, India, Indonesia, Papua New Guinea, Singapore and Vietnam. As of December 2019, Westpac has 1204 branches across Australia, New Zealand and the Pacific Islands, employing 33,288 staff. It has over 13 million customers and employs approximately 33,288 staff. In 2019, the company was estimated to have had total assets of 906.6 billion AUD. Westpac provides various banking and financial services, including retail, business and institutional banking and wealth management services.
Australia New Zealand Banking Group Ltd
Australia and New Zealand Banking Group Limited, commonly called ANZ, is an Australian multinational banking and financial services company headquartered in Melbourne, Australia. ANZ was established on 1 October 1951 and operated in Fiji from 1966 to 2016 under ANZ Banking Group (Fiji) Limited. ANZ Fiji operates in the retail and commercial banking sector, providing a full range of banking and financial services. Services include internet banking, bank accounts, credit cards, home loans, personal loans, travel and international, investment and insurance. The Bank has over 570 branches across the country, with many employees summing up to 40,211 (2021). ANZ approximated its total assets worth A$978.9 billion (2021).
BSP Life Ltd
It is listed on the South Pacific Stock Exchange. BSP Life is an insurance company that offers a range of life insurance products to individuals and businesses. BSP Life has over 50,000 customers in Fiji and the Pacific Islands. It has more than 86 employees throughout Fiji, and in 2017 BSP Life had total assets of ($000). 770,040. 720,794.
BSP Life in Fiji has provided insurance services to Fijians for over 25 years. BSP Life's range of products includes: Term life insurance, Whole-life insurance, Endowment assurance, Trauma cover, Group life schemes, Mortgage protection plans and Investment plans.
Bank Of Baroda (Fiji) Limited
This is a full-service bank operating in the Republic of Fiji Islands, with branches and eleven sub-branches locally. It was incorporated on 29 October 1959. The Bank's name derives from the town of Baroda in India, where it originated.
The Bank provides loans to businesses, personal and home loans, savings accounts and fixed deposits. The Bank also offers internet banking services to customers. Bank of Baroda operates through its subsidiary, BOB Cards (Fiji) Limited, which issues credit cards to customers. It is one of the Fiji Islands leading banks by assets and market capitalization. As of 2020, the Bank had approximately Total assets of ($'000). 437,937. 364,158, and the total number of em-employees were estimated to be 85,000 people across its branches.
New Zealand Oil And Gas Limited Investment Fund
Reserve Bank of Fiji
The Reserve Bank of Fiji is the central Bank of Fiji. The Bank was established on 20 October 1966 and is based in Suva. The Reserve Bank of Fiji consists of 6 departments that have been formed to undertake the various functions of central banking: Currency Management; Economic and Financial Market Analysis; Financial Sector Monitoring and Supervision; Payment Systems; National Payments Platform; and General Services.
The functions of the Reserve Bank include: Issuing currency, Managing foreign reserves, Managing government finances, Conducting monetary policy, regulating and supervising banks and non-bank financial institutions. The RBF's main role is to formulate and implement monetary policy, maintain a stable financial environment, promote efficiency in the payments system, and promote financial stability through the supervision of the financial sector. The Bank had total assets of $23.0 billion as of 2020. It also had a total of 347 employees across its branches.
Fiji Development Bank
Fiji Development Bank is a development bank in Fiji. It was established on 1 February 1972 under the Fiji Development Bank.
The Bank's primary function is to provide financial assistance to small and medium businesses in Fiji. FDB's assets were $467.645m in 2018, up from $402.060m in 2017. The Bank works closely with commercial banks to attract more financing for small businesses in Fiji. It also operates several rural branch networks through partnerships with commercial banks, including Westpac and ANZ Bank.
The Bank made a profit of 13 million Fijian dollars after tax and total assets of 467.645m Fijian dollars in 2018, and it also had 365 employees.
Q.Does Fiji have banks?
A.Yes, there are many banks in Fiji. You can find most of them in the major towns and cities. Most banks offer a range of personal and business banking services, including online banking.