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Results for Pacific International Commercial Bank

Thursday 11 August 2016

Nuku'alofa, Tonga
The National Reserve Bank of Tonga has recommenced the pay out of claims by depositors and creditors of the former Pacific International Commercial Bank. In a statement on August 11, the NRBT said that payments may be collected from the NRBT. The license of the PICB was revoked by the Reserve Bank on July 26.
Tuesday 2 August 2016

Nuku'alofa, Tonga
The Pacific International Commercial Bank (PICB) is challenging last week’s decision made by Tonga’s National Reserve Bank to shut it down. “We will urgently take legal action against the National Reserve Bank of Tonga for the cancellation of our operating license,” said Mishka Tu'ifua, General Manager and Director of PICB today, 2 August.
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Thursday 28 July 2016
Nuku'alofa, Tonga
The Pacific International Commercial Bank (PICB), a Chinese-Tongan venture had its license revoked by the National Reserve Bank of Tonga Board of Directors on Tuesday, 26 July. The bank when opened two years ago had a board of six people, four from China and two from Tonga.
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Thursday 28 July 2016

Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to assure the public that despite the revocation of the banking licence of Pacific International Commercial Bank (PICB) effective from 26 July 2016, the banking system remains sound. While PICB represented a very small proportion of the total banking system, the banks in Tonga continue to be profitable and maintain strong liquidity and capital position.
Friday 30 January 2015
Nuku'alofa, Tonga
The hearing of an application to appoint a liquidator for the liquidation of the Pacific International Commercial Bank will be held on 24 April at the Nuku'alofa Supreme Court.
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Thursday 29 January 2015

Nuku'alofa, Tonga
An application to appoint a liquidator for the liquidation of the Pacific International Commercial Bank will be mentioned at the Nuku'alofa Supreme Court on Friday, 30 January.
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Monday 7 April 2014
Nuku'alofa, Tonga
The Pacific International Commercial Bank (PICB), Tonga newest bank was opened by HM King Tupou VI this afternoon, April 7, at Loumaile Lodge, Nuku'alofa.
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Wednesday 12 February 2014
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.
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Wednesday 10 July 2013
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.
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