NATION

PM Commends Bank For Staying True Partner

Prime Minister Voreqe Bainimarama has commended the Fiji Development Bank for staying true to its tag line and as a partner in progress to his Government. Mr Bainimarama said this
29 Jul 2017 11:00
PM Commends Bank For Staying True Partner
Prime Minister Voreqe Bainimarama (back row, third from left), and Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum (back row, fifth from left), during the celebration of long service employees award recipients of the Fiji Development Bank during the Fiji Development Bank’s 50th anniversary at Grand Pacific Hotel in Suva on 28 July 2017. Photo: Monica Aguilar

Prime Minister Voreqe Bainimarama has commended the Fiji Development Bank for staying true to its tag line and as a partner in progress to his Government.

Mr Bainimarama said this during the launch of the bank’s 50th anniversary saying that it has played a major role in making us the modern, dynamic island economy that we are today.

“But it is no great secret that the 50-year journey of the FDB has not always been a smooth one,” he said at the Grand Pacific Hotel last night.

“Not so long ago, my Government had to step-in to provide proper direction to the FDB.

“Under prior years of mismanagement, unfortunately, debts that should not have been written off were being written off left and right, and the FDB was used as a piggy bank to fund short-sighted development.

“But those days are now well behind us, and under the leadership of our new board, the FDB is operating at the high standard worthy of the Fijian people it is meant to serve.

“And our board members deserve full recognition for stepping boldly out of the past and positioning the Bank to stand on par with other esteemed financial institutions.

“Since that turnaround, the FDB is emerging as a contributor to our vision for development, uplifting Fijian businesses by giving a leg-up to our entrepreneurs at the grassroots level and helping our bigger players expand in regional and international markets.

“Your work in supporting Fijians to turn their dreams into reality, pursue opportunity and take that bold first step into the common market – putting their best ideas and business acumen to the test.

“Your growth – despite the challenge of Winston – speaks directly of the calibre of the management of your institution.

“And the decisive action your Bank took to assist Fijians affected by the cyclone speaks of your sincere dedication to Fiji and her people.”

The launch also saw the recognition of staff members. Awarded were 14 members who were recognised for their long service at the bank between 28 to 30 years.

Edited by Ranoba Baoa

Feedback: arieta.vakasukawaqa@fijisun.com.fj

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