Association of Banks reassures government that they will continue to assist affected customers

Association of Banks reassures government that they will continue to assist affected customers

By Rashika Kumar
Friday 17/07/2020
[Image: Fijian Government]

The Association of Banks in Fiji has reassured the Minister for Economy as part of their submission for the 2020/2021 National Budget that they will continue to assist the customers who are unable to make loan repayments even if they are unable to pay after their loan repayment holiday.

Responding to questions on when they will consider repossessing property, Association Chairman, Rakesh Ram says the banks are currently able to sustain whatever assistance they are providing to the customers in terms of managing the situation and they are working with the customers on how they can continue to help them without taking any drastic action.

Ram says they are still trying to work with the customers and the relevant stakeholders.

The Chairman adds that they are looking at the situation positively and are hoping the COVID-19 pandemic will be over soon.

The association is made up of ANZ, Westpac, BSP, BRED Bank, HFC and Bank of Baroda.

FEATURE NEWS
Nestlé Fiji donates $100,000 for Vanuatu earthquake relief
Nestlé Fiji has donated $100,000 to the International Federation of Red Cross and Red Crescent Societies to assist the people of Vanuatu in the after...
2 hours ago
LATEST NEWS
‘Sonic 3’ Speeds to USD$62 Million Debut, ‘Mufasa: The Lion King’ Gets Trampled With USD$35 Million
'Sonic the Hedgehog 3' has powered to the top of box office charts while 'Mufasa: The Lion King' is getting trampled in its first weekend of ...
2 hours ago

Families urged to spend more time together this Christmas – Archbishop
Families need to spend more time with their loved ones this Christmas, to nurture love and ensure their children feel valued and supported. This ...
2 hours ago

RFMF honours Ratu Naiqama on 71st birthday with ceremonial celebration
In an early surprise this morning, senior officers of the disciplined forces, extended birthday wishes to the Head of State and Commander-in-Chief, ...
3 hours ago

Valelevu Health Centre staff surprised by choir’s Christmas gesture
Staff Nurse at Valelevu Health Centre, Laisiasa Tarogi, felt emotional hearing the Christmas carols, knowing that he and many other healthcare ...
3 hours ago

Farmer and woman to front court for allegedly obtaining financial advantage of $356
A 54-year-old farmer and a 26-year-old woman of Seaqaqa will appear in the Labasa Magistrate Court today for allegedly obtaining financial ...
4 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Fijian Drua in Kadavu
The Swire Shipping Fijian Drua are keeping in tradition with their previous pre-season training and will be in Kadavu till Friday afternoon. The ...
3 days ago

Vanuatu Earthquake
The 7.3 magnitude earthquake, which struck at a depth of 57km, occurred 30km to the west of the capital Port Vila at 1.47pm, according to the US ...
4 days ago

Investigation into alleged drink spiking incident at Warwick Resort after 7 guests get sick
Minister for Tourism Viliame Gavoka confirms that 5 guests have been discharged following an alleged spiked cocktail incident at Warwick ...
7 days ago

TOP