sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
FIJI NEWS
September 13, 2012 12:00:00 AM
  Follow @ Twitter

Fiji’s Development Bank (FDB) has recorded a $2.50 million profit for 2011.

This was revealed in the bank’s annual report for the financial year which was presented by Prime Minister Commodore Frank Bainimarama to Cabinet last month.

FDB chairman Bob Lyon said this was an increase of $0.14 million (6.23 per cent) compared to the 2010 financial year.

“This was achieved through prudent portfolio management and stringent cost control measures,” said Lyon.

He said the bank’s gross portfolio declined by 20.08 percent to $349.93 million in the 2011 financial year due to early exit of a few large corporate accounts and bad loan write-offs.

The bank also noted a slow growth in new business.

In other developments during the year, the bank recorded an interest income increased by 14.37 per cent over 2010 due in most part to an improvement in the impaired assets ratio.

The bank’s additional revenue source which includes fees and other charges also recorded an increase of $5.14 million over 2010.

The increase in Value Added Tax (VAT) by 2.5 percent to 15 per cent in
2011 resulted in an increase in the bank’s operating expenses by 3.79 per cent.

By Ropate Valemei

Pillow Talk


PREVIOUS STORY
TI says "No" to corruption for the constitution
NEXT STORY
Delana gets house, gifts on special day

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Do you think the authorities are doing enough to prevent road fatalities in Fiji?
 Yes
 No


Poll Results: Current | Previous

Do you think the authorities are doing enough to prevent road fatalities in Fiji?
Yes
 17%
No
 83%



More Polls
Press Esc to close this window
BUSINESS
AG discusses aviation with Singapore envoyAttorney-General and Minister for Civil Aviation, Aiyaz Sayed-Khaiyum and the High Commissioner of Singapore, Mr Verghese Matthews met in Suva yesterday to discuss wide range of issues including the upcoming Singapore Airshow Aviation Leadership Summit.
SPORTS
Solomon Islands make impressive startCrowd favorites and two time Oceania representatives to the FIFA Futsal World Cup; Solomon Islands made an impressive start to their campaign at the 2016 OFC Futsal Championship in Suva tonight, beating Tahiti 3-0.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
TECHNOLOGY
Fiji receives ICT awardFiji’s efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
ENTERTAINMENT
Bajirao Mastani wins top awardsBajirao Mastani walked away with most awards at the 2015 Brittania Filmfare Awards in Mumbai, India this morning.
FIJI NEWS
Govt announces OMRS guidelineAttorney General and Minister for Civil Service Aiyaz Sayed-Khaiyum today announced the roll out of the Open Merit Recruitment and Selection Guideline (OMRS Guideline) which will apply across all Government Ministries and Departments.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON