ANZ Interest Rates (updated 30.9.09)

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

• Business Index Rate - 9.85%;
• Residential Property Loan : Standard Variable Rate - 8.60%, 1 Year Fixed Rate - 8.10%;
  Investment Loan : Standard Variable Rate - 9.10%, 1 Year Fixed Rate - 8.10%;
• 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 - 3.50%, 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. For investment advice and portfolio management, pls call our office on telephone (679) 3342719 or email info@gilbert.com.fj.

Reserve Bank of Fiji removes credit ceiling

The Reserve Bank of Fiji earlier this week removed the credit ceiling restrictions placed on banks and credit institutions operating in Fiji.

The removal of the credit ceiling is expected to contribute to growth in bank's and credit institution's lending portfolios with growth by certain financial institutions heavily restricted during the time the ceiling was in place.

Westpac Interest Rates (updated 1.9.09)

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

• Business Lending Rate - 9.99%;
• Residential Property Loan : Variable Rate – 9.00%, 1 year Fixed Rate – 8.50%;
• Investment Loan : Variable Rate - 9.50%, 1 year Fixed Rate - 8.50%;
• Retail Term Deposits : 6 to less than 9 months - 2.25%, 9 months to less than 1 year - 3.00%, 1 year to less than 1.5 Years - 3.50%, 1.5 years to less than 2 Years - 3.75%, 2 years to less than 3 Years - 4.00%.

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

Individuals and groups that need investment advice, or advice with regard to capital markets issues, can use our company, Gilbert & Samuels Company Limited. We also do strategic/corporate planning, business continuity planning, capacity assessment and risk management consultancies.

Also contact us if you require investment portfolio management services.

Our contacts are: telephones (679) 3342719, (679) 3544897 or e-mail: info@gilbert.com.fj.