Results for ANZ Bank

Many of Tonga's businesses are already facing a cash crunch and looking to scale back their operations, as the impact of the CoViD-19 pandemic bites, the Tonga Chamber of Commerce and Industries (TCCI) stated today. While the National Reserve Bank of Tonga has reassured Tongans that our banking system is strong enough to withstand the impact of CoViD-19, but economic growth will be lower for the year.

In the wake of Cyclone Gita, some banks and financial institutions in Tonga are making it easier for the flow of remittances coming into Tonga, and to obtain housing loans, to help people get their lives back to normal.

A proposal for government to finance the 2019 Pacific Games with Consumption Tax, instead of a levy on profit from foreign currency exchange transactions was presented by Bernie Poort from the ANZ Bank and Dan Henson from the Bank of the South Pacific to the Minister of Finance, Hon. ‘Aisake Eke during a Tonga Chamber of Commerce special meeting on Friday, 31 July.

Alex Thursby, the CEO for ANZ Bank Asia Pacific, Europe and America said on his arrival in Nuku'alofa on Thursday, February 17 that for the Pacific to increase its economic development it should "capitalize on its proximity to Asia and the growing connections it has with the region."

The Shoreline Group of Companies has parted company with its main financier the ANZ Bank. At the end of last month ANZ ceased to do the billing for Shoreline Power, it closed down its branch at the Shoreline Headquarters and removed its ATM machine from outside the building.