Wild Weather Closes Banks
Banks across Fiji have been forced for close up shop due to wild weather across the country. With torrential downpours causing flash floods, many banks have closed their branches for the safety of their employees and their customers.
Westpac in Fiji was forced to close their Rakiraki, Tavua, Port Denarau and Nadi branches on February 8th. However, Namaka branch was able to stay open but with limited services available. The bank advised customers to use ATMs for EFTPOS and in-store merchants only for cash transactions only.
You can read the full statement from Westpac Pacific on their facebook page here.
Similarly, BRED Bank announced early on February 8th that all of their BRED West branches were going to be closed until further notice. Their statement can be seen on their facebook page as well here.
Fortunately, no major damage occurred to any of the branches, and many banks re-announced the following day all of their branches would be operation will full services available.
The storm which caused the rain is called TD09F. You can read a brief report on the storm by Loop Pacific here.
BRED Bank in Valelevu
The second largest banking group in France, BRED Bank, has recently chosen to expand its reach in Fiji. Valelevu in Nasinu saw BRED Bank’s sixth location opened in Fiji on the 2nd February 2017.
Darryl Constatin, BRED Bank’s CEO, stated the bank currently serves over 36 million customers across its 8000 global branches. He also explained the bank is currently focusing on expanding its presence in Africa, Europe, Asia, and the Pacific.
Specifically, in the Pacific, BRED Bank will be opening new branches in the near future in New Caledonia, Vanuatu, Tahiti, Fiji, and a new presence in the Solomon Islands.
Voreqe Bainimarama, the Chief Guest Prime Minister of Fiji thanked BRED Bank for its continued investment and expansion in their country. It proves confidence in Fiji’s growing economy and is an important step in the process of mainstreaming their financial systems.
Mr. Bainimarama was there himself to open the new branch in Valelevu.
You can read the full article in the Fiji Times here.