Most customers on bank loan repayment holiday are doing full repayments now - Association of Banks

Most customers on bank loan repayment holiday are doing full repayments now - Association of Banks

By Rashika Kumar
Tuesday 23/08/2022
Association of Banks in Fiji Chair Rakesh Ram

Most people who were on loan repayment holiday are doing full repayments and the situation has improved significantly which is reflective of the recovering economy.

This has been highlighted by the Association of Banks in Fiji Chair, Rakesh Ram who says at the peak of COVID, they had about $3.5 billion in repayment holiday which includes principal and interest.

He further says large investors are ready to invest in the country because they know nothing much has happened in the last 2 years because of COVID.

The HFC Bank CEO says the bank maintained business as usual during COVID and were getting ready for when the pandemic would end.

He says they opened a branch in Nadi worth $2 million and invested $40 million on a new banking system because they knew when COVID was over, they would be ready to support the growth of the economy.

Credit Corp Fiji Care
Credit Corp Fiji Care
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