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This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Tuesday, October 26, 2010

Reserve Bank of Fiji issues Risk Management Policy for Insurance Companies

The Reserve Bank of Fiji has recently issued a Risk Management Policy governing the operations of companies licensed to conduct insurance business in Fiji. The policy puts in place requirements that cover the identification, assessment and management of risks by insurance companies including the development of appropriate risk management frameworks, policies and processes to manage risks.

One of the areas our company, Gilbert & Samuels Company Limited, consults on is the area of risk management. We can help companies identify risks, evaluate those risks and put in place strategies and controls to manage any residual risks that remain within the company.

We can also develop appropriate risk management policies and processes for companies to help them with managing risks within their businesses.

For more information, you can call our office on telephone (679) 3342719 or email info@gilbert.com.fj.

Note : Search for our company, Gilbert & Samuels Company Limited, on Facebook. We post informatoin on the services we offer and the work we are currently doing there.

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ANZ Interest Rates (updated 26.10.09)

Schedule of interest rates released by ANZ Fiji are as follows:

  • Business Index Rate - 9.95%;
  • Residential Property Loan : Standard Variable Rate - 7.75%, 1 Year Fixed Rate - 7.25%;
  • Investment Loan : Standard Variable Rate - 8.25%, 1 Year Fixed Rate - 7.50%;
  • Personal Loans : Secured - 11.00%, Unsecured - 15.00%;
  • Small Loans : Unsecured - 19.50%;
  • Retail Term Deposits: 9 months to 1 year - 2.25%, 1 to 1.5 Years - 3.75%, 1.5 to 2 Years - 3.75%, 2 Years to 3 Years - 4.00%.

Interest rates are on a per annum basis and may be varied by ANZ without prior notice.

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