The full name of the bank is National Bank of Fiji trading as Colonial National Bank. The bank is a subsidiary of Commonwealth Bank and has the largest branch network in Fiji. It also has a majority holding in one of the two merchant banks in the country.
The Fijian government established the National Bank of Fiji in 1976 on the base of the Savings Bank of Fiji, founded in 1907. After the 1987 coup, the NBF made a push to serve the indigenous Fij...
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The full name of the bank is National Bank of Fiji trading as Colonial National Bank. The bank is a subsidiary of Commonwealth Bank and has the largest branch network in Fiji. It also has a majority holding in one of the two merchant banks in the country.
The Fijian government established the National Bank of Fiji in 1976 on the base of the Savings Bank of Fiji, founded in 1907. After the 1987 coup, the NBF made a push to serve the indigenous Fijian population (in contradistinction to the Fijian population of Indian origin) by introducing new services, expanding its staff by hiring mainly indigenous Fijians, and increasing its lending to indigenous Fijians. In mid-1995 NBF was running bad and doubtful debts of at least F$90 million. By 1996 NBF’s bad and doubtful debts were estimated at over F$220million, or 8 percent of GDP. In 1998 the government split NBF into a "good bank", which it privatized, and a "bad bank", which took over the non-performing loans. The government essentially...
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