Association of Banks reassures government that they will continue to assist affected customers

The Association of Banks in Fiji has reassured the Minister for Economy as part of their submission for the 2020/2021 National Budget that they will continue to assist the customers who are unable to make loan repayments even if they are unable to pay after their loan repayment holiday.

Responding to questions on when they will consider repossessing property, Association Chairman, Rakesh Ram says the banks are currently able to sustain whatever assistance they are providing to the customers in terms of managing the situation and they are working with the customers on how they can continue to help them without taking any drastic action.

Ram says they are still trying to work with the customers and the relevant stakeholders.

The Chairman adds that they are looking at the situation positively and are hoping the COVID-19 pandemic will be over soon.

The association is made up of ANZ, Westpac, BSP, BRED Bank, HFC and Bank of Baroda.