The Tonga Development Bank will retain its CEO and Board Chairman, for the time being, pending the resolution of a dispute at trial, in an ongoing civil action against the National Reserve Bank of Tonga. Lord Chief Justice Malcolm Bishop, in a ruling on 19 September, also ordered that Tonga Development Bank (TDB) must still refrain from engaging in any economic development activities, without the prior approval of the National Reserve Bank of Tonga.
You are here
Results for banks
Friday 20 September 2024
Premium content
Nuku'alofa, Tonga
Premium content
Friday 9 August 2024
Nuku'alofa, Tonga
The BSP Financial Group Limited today announced the appointment of Paul Black as the Group’s General Manager for its Pacific Markets operations. This follows changes announced on Wednesday 7 August, 2024 on the Australian Securities Exchange (ASX) as well as the Port Moresby Exchange (PNGX). These executive leadership changes will further support the Bank’s Modernisation for Growth agenda.
Wednesday 8 April 2020
Nuku'alofa, Tonga
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.
Friday 29 July 2016
Premium content
Nuku'alofa, Tonga
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.
Premium content
Wednesday 12 February 2014
Premium content
Nuku'alofa, Tonga
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.
Premium content
Wednesday 10 July 2013
2 comments
Premium content
Nuku'alofa, Tonga
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.
Premium content
Monday 14 July 2008
Premium content
Nuku'alofa, Tonga
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.
Premium content
