Results for National Reserve Bank of Tonga

The principal statutory role of the Reserve Bank is to ensure and maintain at all times the financial stability of the  overall banking sector in Tonga. This calls for strong capitalisation and ample liquidity in all of the four banks under its licensing regime. Overall, there has been sufficient and ample liquidity in the banking sector in the past decade, to date. “The Reserve Bank reaffirms to the public its commitment to upholding its statutory mandate of maintaining the stability of the financial and banking system of the Kingdom,” stated Governor Moeaki.

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.

The National Reserve Bank of Tonga (NRBT) marks its 35th anniversary on Monday 16 September 2024 with an audited net profit of $35 million as its twin milestones.  The $35.8 million profit in 2024 is 75 percent higher than last year’s 2023 record profit of $20 million. Following the NRBT Board approval of the KPMG Fiji external audited NRBT Annual Financial Statements for the financial year ended 30 June 2024, Lord Sevele ‘o Vailahi chairman of the Board at the NRBT 2024 Annual General Meeting today presented a cheque of $25.1 million to the Prime Minister, Hon. Hu’akavameiliku as its annual distribution of the Bank’s profits.

Unclaimed Monies as of June 2024, total $1,186,983.21. Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 94 of the Banking Act 2020 states, that any remaining unclaimed funds and properties after three (3) months claim period have met its expiry date, shall be presumed to be abandoned funds or properties. •••••••••••• Fakatokanga'i ange ko kimoutolu 'oku lisi atu homou hingoa΄ 'i he ngaahi pa'anga 'oku te'eki ai ke 'eke'i΄, ke fakahū atu leva ho'o 'eke΄ ki hoó Kautaha Paánga Fakapangikē óku hā atu΄, 'i loto 'i he māhina 'e tolu (3) mei΄ he 'uluaki 'aho 'o e fanogonongo΄ ni. Fakatatau ki he kupu 94 ‘o e Lao ki he Ngāue Fakapangikē΄ 2020, ko e pa'anga 'ikai 'eke'i 'i he hili mei heni ha mahina 'e tolu (3) pea kuo laka hake he taú é 5 'ene í he Pangikē Pule Fakafonua ó Tonga΄, 'e lau ia ko e pa'anga mo e ngaahi koloa li'aki pea kuo pau ke fakatu'asila fakahangatonu ha 'eke 'o e ngaahi pa'anga pe koloa kuo li'aki΄ ki he Ministā Pa'anga΄ pea fakatatau pē ki he'ene fakangofua΄.

At the heart of Tonga’s financial health, the National Reserve Bank of Tonga (NRBT) does more than just act as the central bank. We play a crucial role in keeping our economy safe, and helping Tonga grow.

‘Oku fakatokanga atu heni ke me’ai he kakai ‘o e fonua ́, ko e pisinisi talafi pa’anga muli ́ ‘oku fakangatangata pē ia kia kinautolu kuo ‘osi fakamafai’i pea mo ‘i ai ‘enau laiseni kuo tuku atu mei ́ he Pangikē Pule ́, ‘o fakatatau ki he tu’utu’uni ‘a e Lao ki hono Pule’i ‘o e Fakafetongi Pa’anga Muli 2018 ́, kupu 13 (1). Kapau ‘oku fakahoko ‘e ha taha ‘a e fakafetongi pa’anga muli ́ te’eki kene ma’u ha’ane laiseni, ko e hia ia pea kuo pau kene mo’ua ‘o ka halaia, ‘o fakatatau ki he ngaahi tautea ‘i he kupu 13 (3) ‘o e Lao ki hono Pule’i ‘o e Fakafetongi Pa’anga Muli 2018 ́.

15 Me 2024: ‘Oku ‘oatu heni ‘a e fakatokanga mei he Pangike Pule Fakafonua ‘a Tonga ́, ki he kakai ‘o e fonua ke mou mea’i ko e ogo kautaha koia ko e LWS Trading pea mo e RK3 Pacific Tonga Ltd, na’a na fakahoko ta’efakalao ‘a e ngaahi ngaue fakafetongi pa’anga muli mei hona ‘ofisi ‘i Ma’ufanga, ‘o na maumau’i ai ‘a e Lao ki hono Pule’i ‘o e Fetongi Pa’anga Muli 2018 (FEC Act 2018). Ko hono fakahoko ha pisinisi fakafetongi pa’anga muli, ‘oku fakangatangata ‘e he lao ki he kau ma’u mafai pe, ‘a ia ‘oku nau lolotonga ma’u ha laiseni mei he Pangike Pule Fakafonua ‘a Tonga, fakatatau ki he tu’utu’uni ‘o e kupu 13(1) ‘o e Lao ki hono Pule’i ‘o e Fetongi Pa’anga Muli 2018.

Kuo tuku atu ‘e he Pangikē Pule Fakafonua ‘o Tonga ́ ‘a ‘ene Fakamatala Tu‘utu‘uni Ngāue Fakapa‘anga ‘o Fepueli 2024 hili ‘a hono tali ‘e he Poate ‘a e kau Talēkita ́. Na’e fetō‘aki ‘a e hikihiki ‘i he totongi koloa fakalūkufua ́ ‘i he ta’u kuo hili ́ ka kuo holo ki he peseti ‘e 3.6 ‘i Fepueli 2024. Na’e pehē ‘e Kovana Moeaki, “neongo ‘a e holo ‘a e totongi koloa ́, ‘oku kei lahi pe ‘a e faingamalie ke toe mā’olunga ange ‘a e totongi koloa mei hikihiki e totongi e koloa fakalotofonua ́”.

The Governor of the National Reserve Bank of Tonga, Mr Tatafu Moeaki, said today that he was deeply concerned with the involvement in drugs by one of the bank's senior officers, following a drugs squad raid on the bank's offices last weekend.