HFC Bank to be the first to provide Trade Finance Program

HFC Bank to be the first to provide Trade Finance Program

By Ilaitia Ravuwai
Monday 29/05/2017

HFC Bank will be the first bank in Fiji to provide Trade Finance Program that would see the growth in its trade finance operations that would provide finance for more importers and exporters.

This has been highlighted by Board Deputy Chairman Vilash Chand in the signing of the trade finance program with the Asian Development Bank Regional Director for the Pacific Robert Jauncey.

Chand says this partnership will steer the bank to provide a solid platform in the international banking arena while paving the way for their customers to venture into new global markets using safe and reliable financial products.

He adds that through the capacity building initiative through the program would increase practical experience and new skills and knowledge in Trade Finance Sales and Operations teams within HFC.

Regional Director for ADB Robert Jauncey says through this trade finance program, HFC bank will be able to grow its trade finance operations.

Jauncey says that this would include small medium enterprises that would also expand trade, growth and jobs in Fiji.

He says the trade finance product will complement its financial support with a regular series of workshops and seminars to increase knowledge and expertise in trade products, risk management, and fraud preventions.

HFC Bank has a total assets of $835 million and a 10% market share in the Fijian banking sector. 

FEATURE NEWS
Drua merch most sold in the comp and an average of $10M generated from each home game
It has been more than 20 years in the making but the Fijian Drua craze has definitely brought in many positive results in the Shop N Save Super Rugby ...
5 hours ago
LATEST NEWS
15-year-old granted bail for alleged involvement in Police vehicle stoning at Nabua
Bail has been granted for a 15-year-old who was charged for his alleged involvement in the stoning of a police vehicle last week Thursday along Ratu ...
4 hours ago

Low water level at the reservoir causing disruptions in Delainavesi
Low water level at the reservoirs and high turbidity level is causing disruptions in Delainavesi. This has been shared to fijivillage News by the ...
5 hours ago

ANZ Fiji to sponsor rubbish collection services to tackle pollution in Namuka Bay coastal area
To address the pollution affecting the coastal areas and marine environments around Namuka Bay, ANZ Fiji will sponsor rubbish collection services for ...
5 hours ago

Even with good laws, enforcement remains the biggest challenge in waste management : Sharma
Even with strong waste management laws in place, enforcement remains the biggest challenge in tackling illegal dumping and littering in Fiji and ...
5 hours ago

Sabha gives blessings to private hospital
Fiji’s largest state-of-the-art 130-bed specialty private hospital has embarked on a noble cause of diverse community engagement by inviting ...
6 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
Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
18 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
19 days ago

fijivillage Straight Talk with Vijay Narayan and Adi Tulia Nacola
The candid interview focuses on Nacola, coming from a chiefly family and being a daughter of a Minister who was ousted in the 1987 military coup, her ...
20 days ago

TOP