Fiji : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

October 31, 1996

Summary:

This Selected Issues paper focuses on the insolvency of the National Bank of Fiji (NBF). As of June 1995, an estimated two-thirds of its loan portfolio was judged to be nonperforming (7½ percent of GDP), with slim chances of recovery, leaving the bank with a negative net worth estimated at F$170 million. The Reserve Bank of Fiji (RBF) raised concerns about the NBF’s lending practices as early as 1991, but it lacked the power to enforce a solution. The problems continued to grow until the NBF’s liquidity position finally became untenable in 1994.

Series:

Country Report No. 96/113

Subject:

English

Publication Date:

October 31, 1996

ISBN/ISSN:

9781451813326/1934-7685

Stock No:

1FJIEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

48

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