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Thursday, May 10, 2007

Colonial National Bank Fiji joins in reducing lending rates

Colonial National Bank in Fiji has joined ANZ Banking Group Limited and Westpac Banking Corporation in reducing its lending rates. The rate reduction applies for all home and business loans.

The announcement sees the bank reducing lending rates for home loans and business banking by 0.25%.

The bank's variable rate on residential home loans falls from 12.25% to 12%.

The new rates will take effect from 19 June, 2007.

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