Photo (from left to right) : BRED Bank Fiji’s 10th anniversary party with Owen Thompson – CEO of BRED Bank Solomon, Daryl Constantin – CEO of BRED Bank Vanuatu, Olivier Klein – CEO of BRED Group, Stéphane Mangiavacca – International Director of BRED Group, Fréderic Reynaud – CEO of BCI, Thierry Charras-Gillot – CEO of BRED Bank Fiji.
The Fiji Times : Bank reaffirms its confidence in the local economy
This year BRED Bank Fiji marks its 10th year anniversary with a commitment of further investments in its Fiji operations.
BRED Group chief executive officer Olivier Klein, who is in the country, met the bank’s corporate clients, mainly larger company CEOs who provided their views on the economy and their confidence in the economy.
Mr Klein said BRED Bank Fiji had experienced accelerated growth in the past two to three years which also showed their commitment to the Fijian economy. ”
“We are celebrating our 10th year anniversary and we are happy because our bank has grown very well over the years – even more so in the past two to three years with accelerated growth.”
Mr Klein said over the years he had noted an improvement in the various sectors of the economy in Fiji with room for further growth.
He said one of the sectors that had developed a great deal over the years was the distribution sector, followed by the agriculture sector and tourism.
While competition among the banks operating in Fiji was tough, Mr Klein said they had increased their market share from 6 per cent to more than 12 per cent in the past few years with an outlook of further growth.
Meanwhile BRED Bank Fiji CEO Thierry CHARRAS-GILLOT said they would continue to reinvest their profits in the country with plans to open a new branch in Sigatoka.
He said they had recently invested more than $1 million and installed automated deposit machines at their branch in Lautoka with plans to roll out the facility in their other branches around the country.
Source : The Fiji Times » Bank reaffirms its confidence in the local economy
FBC News : BRED Bank Fiji on good footing
There is a large scope of sectors that have the potential to grow in Fiji.
BRED Group Chief Executive and Board Director Olivier Klein says many local sectors are striving to grow so they can also enter the export market.
With inflation rising in many other countries, Klein says everything is going the right way for Fiji.
“The balance of payments is in a good situation, so everything is going rather well. Of course, it doesn’t mean that the world will go well. We do not know about the wars and there is so much uncertainty at the world level, but it is not Fiji or the Pacific issue right now.”
The BRED Group also doubled its capital for BRED Bank Fiji during COVID-19 to boost its growth in the Fijian market.
Klein says the doubling of the capital investment by the shareholders demonstrates the growth potential of the Fijian economy.
He adds this also demonstrated the Banks confidence in the Government’s management of the economy.
Source : Fiji on good footing: Klein – FBC News
Fiji Village : Bred Bank in Fiji is having an accelerated growth
Bred Bank Fiji is celebrating its 10th year anniversary and is happy because the bank has had accelerated growth over the last 3 years.
Bred Group CEO Olivier Klein who is based in Paris says the bank is confident in the Fijian economy, and during the last two years the bank grew from 6 percent of market shares in credit to 12 percent of market shares.
Klein says Bred Bank is committed to the economy of Fiji and has also supported a lot of companies.
They have 3 branches in the west, 1 branch and 1 kiosk in the Suva area, 1 in Nasinu and 1 in Nausori.
They are expected to open a new branch in Sigatoka.
165 staff are employed at Bred Bank Fiji.
Source : Bred Bank in Fiji is having an accelerated growth (fijivillage.com)