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Association Of Banks In Fiji Extends Covid-19 Customer Relief Measures To March 2022

The Association of Banks in Fiji (ABIF) is pleased to announce its continued support for those businesses that have been severely impacted by the pandemic.   In doing so, the
01 Oct 2021 10:30
Association Of Banks In Fiji Extends Covid-19 Customer Relief Measures To  March 2022

The Association of Banks in Fiji (ABIF) is pleased to announce its continued support for those businesses that have been severely impacted by the pandemic.

 

In doing so, the current Covid-19 financial relief assistance will be extended to 31 March 2022, on a case-by-case basis.

ABIF continues to work closely with the Reserve Bank of Fiji that has been very supportive of the financial assistance provided to many businesses by all the banks.

 

There is a high-level of optimism for the economy to turn the corner by the end of this year.

This is indeed, the most welcoming news.

The opening of the borders within Viti Levu, followed by herd immunisation from more than 70% of targeted population now fully vaccinated coupled with high hopes of international borders opening sooner than expected are positive developments.

 

However, banks duly recognise that many businesses still require financial support as full recovery will be over a longer period before they return to pre-Covid trading levels.

ABIF also acknowledges that many customers have reverted to pre-Covid loan repayment arrangements or are at least meeting interest costs to contain debt levels.

However, those customers that require further relief support, depending on their financial circumstances should contact their Relationship or Branch Managers to discuss and agree on their projected financial needs.

 

Feedback: maraia.vula@fijisun.com.fj



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