Good news for business people as from 1st September all application fees for loans under $20,000 will be waived by Fiji Development Bank ,along with the establishment fees for all loans up to $5,000.
This was highlighted by Prime Minister Voreqe Bainimarama while speaking on FDB’s 50th anniversary launch at GPH last night.
He reveals that so far the FDB has assisted 9,750 Fijians investing over 9.3 million dollars to create employment for Fijians at the grassroots levels.
The Prime Minister also highlights that with the leadership of new board FDB achieved a net profit of 7.21 million dollars last year.
He adds that this is nearly 20 percent increase compared to 2015.
Bainimarama says that as Fiji continues to do well, the FDB will need to reposition itself to take on new challenges and realise new opportunities.
