Year after year, we find ourselves not just surpassing customer expectations but, more impressively, consistently breaking our own records. 1 am extremely proud to announce:
• Our Net profit for Financial Year 2023 is a record $23.0m, an increase by 15%compared to 2022
• Our Loans market share is at record high of 15.23%, which was 12.91 % in 2022
• Our Deposit market share is at record high of 13.06% which was 10.97% in 2022
• Loan portfolio increase by + 30% from 1.00 bn to 1.30 bn
• Deposit portfolio increased by 40% from 1.12 bn to 1.57 bn
Year 2023 marked a strategic commitment to growth as we directed significant investments into capital projects. These investments are pivotai steps in fortifying the foundation of BRED Bank (Fiji). Such as:
• Acquisition of Tower Insu rance, our first real estate purchase
• Valelevu Branch relocation to Centerpoint
• And we have extended our BRED Footprint with the opening of our new Labasa branch in Vanua Levu
