Tonga’s commercial banks will close tomorrow, April 9, due to severe Tropical Cyclone Harold, which is expected to close in on Tonga tonight. Meanwhile, the economic downturn is becoming more acute for Tonga due to CoViD-19, states a bank manager.
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Results for banks
Friday 29 July 2016
The Pacific International Commercial Bank (PICB), a Chinese-Tongan venture, had its license revoked because it failed to honour a business plan and had not submitted an audit report, the National Reserve Bank of Tonga Governor Dr Ngongo Kioa said in Nuku'alofa today.
Wednesday 12 February 2014
The Pacific International Commercial Bank is expected to open its doors in March as the fifth bank in Tonga. The Chinese-Tongan bank venture is aiming to offer interest rate at six-percent.
Wednesday 10 July 2013
A new commercial bank, the Pacific International Commercial Bank, was awarded a license to operate by the National Reserve Bank of Tonga on July 2, and is expected to open in about six months time as the fifth bank in Tonga.
Monday 14 July 2008
The Tonga Government has sold its 40 per cent shareholding in Tonga's oldest bank the Westpac Bank of Tonga, giving full ownership to the Westpac Banking Corporation (Westpac) today July 14.