Results for NRBT

‘Oku faka’ilonga’i ‘e he Pangikē Pule Fakafonua ‘a Tonga hono ta’u 35 ‘i he ‘aho Monite 16 Sepitema 2024 ‘aki ha toe makamaile māhanga ko e tupu fakapa’anga (net profit) kuo ‘osi hono ‘aotita’i ‘a ia na’e fe’unga mo e $35 miliona. ‘Oku lahi hake ‘a e tupu ko eni ‘i he 2024 ‘aki ‘a e peseti ‘e 75 mei he tupu fakahisitolia ko ia ‘i he 2023 ‘a ia na’e $20 miliona. Hili hono tali ʻe he Poate ‘o e Pangikē Pule ʻa e Fakamatala Pa’anga Fakata’u ‘a e Pangikē Pule kuo ‘aotita’i ‘e he KPMG Fiji ma’ae ta’u fakapa’anga ‘oku ‘osi ki he ʻaho 30 ʻo Sune 2024, naʻe foaki ai ʻe he Sea ʻo e Poate ‘a e Pangikē Pule, Lord Sevele ‘o Vailahi, ‘i he Fakataha Lahi Fakataʻu ‘o e 2024 ‘a e Pangikē Pule he ʻaho ni ha sieke ʻoku fe’unga mo e $25.1 miliona ki he Palēmia, Hon. Hu’akavameilku ko e ‘inasi fakata’u mei he tupu ‘a e Pangikē.

The Tonga Development Bank is being investigated regarding an alleged breach of the Banking Act, Tonga Police confirmed today, 28 May. Responding to a complaint received, the Police conducted a search of the TDB offices on Friday.

A new partnership in financial intelligence has been formed between the National Reserve Bank of Tonga and the Australian Transaction Reports and Analysis Centre, to help detect illicit financial activity.

Mele Tokilupe Hausia (24) received a two-year suspended sentence for three charges, including forging a Government bond while an employee of the National Reserve Bank of Tonga. “I consider the accused’s offending was audacious,” the judge stated.

The International Monetary Fund (IMF) said in a preliminary statement this week that Tonga’s “economic activity is expanding and likely to remain relatively strong into the next couple of years”. However, the IMF found that there was a lack of recent statistical information available such as government finance, inflation, balance of payments, and national accounts data for their assessment of economic development.

Tonga has accumulated a Foreign Reserve of $311.7 million pa’anga at the end of September, while its domestic inflation rate was 3.2% for September, according to the latest figures on the National Reserve Bank of Tonga website.

The first six directors of Tonga's first National Retirement Benefits Fund were announced last night following an election yesterday, April 26.

Tonga's bankers, who are very concerned with Tonga's currently depressed export earnings, and its reliance on aid donors and foreign remittances for its source of foreign earnings, will meet today to consider solutions.