BUSINESS NEWS
February 17, 2012 12:00:00 AM
  Follow @ Twitter

France’s Bred Bank is to open in Fiji from September.

Reserve Bank Governor Barry Whiteside said Bred Bank had applied for a commercial banking licence in June 2011, and this had been granted in October 2011.

Whiteside said entering a market with well established players will be a huge challenge, however, it augurs very well that a large foreign investor is willing to commit.

Bred Bank still has to secure premises and hire staff.

Bred Bank (Fiji) Limited will be part of BCPE, the second largest banking group in France comprising 36 regional banks.

The Bred Bank name or Bred Banque Populaire is the largest banking network within the BPCE Group and the Bred overseas banking network falls under its wholly owned subsidiary Compagnie Financere de la BRED (COFIBRED).

Through COFIBRED the Bred banking brand has expanded with 45 subsidiaries across France and Europe, Eastern and South Africa, South East  Asia, and the Pacific - Tahiti and French Polynesia, New Caledonia and Vanuatu.

COFIBRED also holds minority interests in Bank of Queensland, Bendigo and Adelaide Bank in Australia.

By Farzana Nisha

Wiggle


PREVIOUS STORY
Air Pac orders Rolls-Royce engines
NEXT STORY
Govt expects drop in inflation

Bookmark and Share
   




FIJI NEWS
Charlene is Miss World Fiji 201420-year-old Nadi beauty, Charlene Tafunaíi was tonight crowned Miss World Fiji 2014 at the Pearl South Pacific Resort in Pacific Harbour.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Only call details given to police in 670 cases: VFVodafone Fiji says it provided call details in 670 cases to police on the production of a search warrant or court order, but does not listen to or record calls, and could not provide such information.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
SPORTS
Nadi beats Navua, closes gap on leadersNadi defeated bottom placed Navua 3-0 at Prince Charles Park this afternoon to close the gap on the National Football League points table.
ENTERTAINMENT
5 Seconds of Summer announce Aust, NZ showsHot on the heels of selling out two shows at Londonís iconic Wembley Arena, the chart-topping Sydney boys are heading out on the road to play their first-ever headline Australian and New Zealand arena shows, touring in support of their recently released self-titled #1 smash hit debut album.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS