2 February, 2026, 1:58 pm Central - 30°C Rain

ANZ still working to reduce the $5,000 deposit to open small business accounts

ANZ still working to reduce the $5,000 deposit to open small business accounts

By Shanil Singh
14/08/2020
ANZ Fiji Country Head Saud Minam.

ANZ Fiji Country Head Saud Minam says they are still looking into the $5,000 deposit their customers will have to pay if they want to open a new small business account and will be announcing something on this next week.

Minam says they do not have a lot of people coming in for new small business accounts but they will accommodate them accordingly if anyone does come in.


Minam also says it is a matter of concern for ANZ if their customers do not pay back their loans in time but maintains they are not in a business of repossession.

He says they will work with their customers to find out what position they are in and how soon they can make their payments.

Minam says everything has been deferred to the 31st of December 2020 for now.

Minam says more than 2,400 loans have been deferred so far under the COVID-19 Package.



FEATURE NEWS
Malimali dismissal was unlawful, PM did not have power to dismiss her
High Court Judge, Justice Dane Tuiqereqere has ruled that the dismissal of Barbara Malimali as FICAC Commissioner was unlawful.Justice Tuiqereqere has...
36 minutes ago
LATEST NEWS
3 year old boy of Burelevu Village drowns in Wainibuka River
A 3-year-old boy of Burelevu Village, Saivou, in Ra has drowned in Wainibuka River.Police say it is alleged that the victim snuck out from his home ...
28 minutes ago

Leadership Fiji celebrates 25 years with renewed partnership and leaders lounge series
Leadership Fiji has renewed its partnership with The Greenhouse Studio as part of its 25th anniversary celebrations, marking 25 years of leadership ...
49 minutes ago

RFMF to commemorate first female recruits of 1988
The Republic of Fiji Military Forces will hold a church service this afternoon to commemorate the first batch of women who joined the force in ...
49 minutes ago

We will appeal High Court ruling - PM
Prime Minister, Sitiveni Rabuka has directed that an appeal be lodged following today’s ruling of the High Court in relation to the dismissal of ...
59 minutes ago

40 -year- old Adi Lidia Radinakelo reported missing-Police call for information
Police are seeking public assistance in locating 40-year-old market vendor Adi Lidia Radinakelo from Naraiyawa Village in Namosi. Radinakelo was ...
2 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Ailava Samuels to represent Fiji in Miss Pacific Pageant
Miss Fiji 2025 first runner-up and Miss Nasinu, Ailava Samuels, has been officially appointed as Fiji’s representative to next month's Miss ...
11 days ago

Referendum Bill risks undermining democracy - Dialogue Fiji
The National Referendum Bill risks undermining democracy by criminalising political expression, enabling state overreach and excluding young people ...
13 days ago

Shocking move : FNU reassigned under PM
The Fiji National University is being reassigned under the Prime Minister's Office Ministerial Portfolio via the Ministry of Strategic Planning, ...
13 days ago

TOP