Fiji - Banking SystemsFiji - Banking Systems

Fiji has a developed banking system controlled by the Fiji Government through the Reserve Bank of Fiji (RBF).  The Reserve Bank regulates the Fijian monetary and banking system, manages note issues, administers exchange controls, and provides banking and other services to the government.  It provides and regulates trading-bank liquidity via the government’s monetary policy.  In addition to managing the credit environment, the RBF has responsibility for foreign exchange controls and management of Fiji's international reserves.

There are six commercial banks licensed by the Reserve Bank of Fiji and with established operations in Fiji.  There are also non-bank financial institutions (NBFI) providing financial assistance and borrowing facilities to the commercial community and to consumers.  The non-bank institutions are: the Fiji Development Bank, the Fiji National Provident Fund (FNPF), the Housing Authority, the Credit Corporation, the Merchant Finance & Investment Company Ltd., and a number of insurance companies. 

The commercial banks are:

• ANZ Banking Group Limited, P.O. Box 179, Suva, Phone: (679)-321-3000; Fax: (679) 321-3756

• Bank of Baroda, P.O. Box 47, Suva, Phone: (679)-331-1402, Fax: (679)- 330-2510

• Bank of South Pacific (BSP), Private Mail Bag, Suva, Phone: (679) 331-4400; Fax: (679)-330-3448

• Bred Bank, Private Mail Bag, Suva, Phone: (679)-310-0222; Fax: (679) 310-0555

• HFC Bank, P.O. Box 161, Suva, Phone: (679)-331-655

• Westpac Banking Corporation, P.O. Box 238, Suva, Phone: (679)-330-0666; Fax: (679)-330-1838

Principal credit financial institutions are:

• Credit Corporation, Credit House, 10 Gorrie Street, Suva, Phone: (679)-330-5744; Fax: (679)-330-5747

• Merchant Finance and Investment Co. Ltd, 91 Gordon Street, Suva, Phone: (679)-331-4955; Fax: (679)-330-0026

• Fiji Development Bank, 369 Victoria Parade, Suva, Phone: (679)-331-4866; Fax: (679)-331-4886

• Kontiki Finance, Level 5, Tappoo City Building, Thompson Street, Suva, Phone: (679)-330-3400; Fax: (679) 330-3401

• Services provided by the banks include: lending, overdraft facilities, full-drawn advances, housing loans, leasing finance, personal loans, bankers opinion, credit card facilities, money transfers/remittances,  trade finance, trade enquiries, letters of credit, documentary collections, travelers checks, foreign-currency accounts, forward exchange (restricted to trade), and foreign currency loans (residential and trade).

The assets of all commercial banks in Fiji at the end of September 2018 totaled USD $4.6 billion (FJD $9.7 billion).  Fiji’s foreign currency exposure policy places limits on banks’ net, foreign and open positions, and gross forward, foreign-exchange and sales contracts, in relation to an individual bank's level of capital in Fiji.