BVL (Bred Vanuatu Limited) – a name that was once synonymous is now a house hold name within Vanuatu’s domestic economy and financial market. It was the vision of its current Acting CEO, Mr. Darryl Constantin, thirteen years ago to enhance livelihoods and economic growth; by introducing a French Bank that provides financial services, maximize funding accessibility and maintain the identity of the French flair within the Anglo-French local community. Since opening its doors in 2008, BVL has grown from strength to strength enduring various economic, social, natural disaster challenges and most recently, the ill-fated pandemic COVID-19.
Celebrating its 13thbirthday recently, BVL has demonstrated that since its inception and throughout the years, it has validated itself as a robust and profitable international subsidiary of the BRED Group. Contributing to this success, is the bank’s thriving momentum towards becoming the country’s number one bank and being the essential and substantial contributor of Vanuatu’s national economy in its financial commitment to the local and business communities.
Today, BVL continues reaping its benefits. Even being at the top of the ladder for many years in terms of lending, BVL in the last two quarters reached the highest level in terms of market share. With its competitive advantage, BVL is the “leader” in electronic banking. It boasts over 32 ATMs and has the largest ATM Network in Vanuatu. The interoperability project to connect all commercial banks through service delivery, boosts BVL’s accessibility in the wider rural communities of the country; allowing its customers access to their funds.Through technological advancement, it is the only Bank in Vanuatu that provides e-commerce payment gateway solutions and has developed electronic banking services that are user-friendly, simple and accessible; allowing customers to access, transact and check their bank accounts at the touch of their fingertips. The banque sans distance concept is seriously taking shape with Bred Vanuatu Connect and has been a growing success across the country and the commercial efficiency program allows customers to strengthen their alliances with the Bank through a dedicated relationship officer.
Led by visionary, focused and strong executive leadership team, BVL has continued to expand its business strategy and in 2018, Bred Solomon Islands (BBS) became BVL’s third branch but as an international subsidiary – this is the first arrangement of its kind in Vanuatu’s financial centre.
Later this year, BVL will open its fourth branch at Tagabe, an industrialized suburb located on the outskirts of Port Vila. Engaging more than 200 employees including BBS from diverse backgrounds, specialist experience and professional expertise, BVL continues to significantly position itself in the market and community as a “good and equal opportunity employer”.