The entry of two new financial institutions has meant a more competitive market for the long-serving Credit Corporation (Fiji) Limited.

However, despite this increased competition, Credit Corporation’s first six months results for this year have been described as very positive.

Credit Corporation general manager lending, Jason Chandra, said they are looking to maintaining the status-quo and reassess their position and strategies moving forward.

New competition comes from BSP Finance and Kontiki Finance.

Mr Chandra attributed the success to Credit Corporation managing director, Peter Dixon, and the team as well as positive Government policies.

“We are encouraged by the very good economic trends which have emerged in recent years through positive government initiatives,” he said.

Focus on West

Credit Corporation held a corporate cocktail event for its Western Division clients at the Tanoa Waterfront Hotel in Lautoka on Thursday evening.

Mr Chandra said: “We highly value our customers and corporate events such as this allow us to strengthen our customer relationships and interact better with our clients.

“West has always been an important market for us as we have a large client base in this region.

“We recognise that there are a lot of developments and activities taking place in the West which presents good business opportunities.”

About Credit Corporation

Papua New Guinea-headquartered Credit Corporation has a significant footprint in the region also operating finance companies in PNG, the Solomon Islands and Vanuatu.

Credit Corporation (Fiji) Limited operates as a licensed credit institution here.

Its major focus is on the provision of asset finance for the acquisition of motor vehicles, heavy machinery and plant for business + business loans.

As for new products, they have recently rolled out a variable rate commercial loan products giving the business borrower a longer term, more flexible option to fund business expansion.

Mr Chandra said: “We remain focused to continue to improve on and diversify our suite of products and services to meet the changing market demand and needs of our customers.

“In the face of growing competition our experienced team will continue to do what we do best and provide efficient and responsive service to our customers.:

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