Fiji : Selected Issues.
This Selected Issues paper focuses on the insolvency of the National Bank of Fiji (NBF). As of June 1995, an estimated two-thirds of its loan portfolio was judged to be nonperforming (7 1\2 percent of GDP), with slim chances of recovery, leaving the bank with a negative net worth estimated at F USD...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 1996/113 |
| Online Access: | Full text available on IMF |
| Summary: | This Selected Issues paper focuses on the insolvency of the National Bank of Fiji (NBF). As of June 1995, an estimated two-thirds of its loan portfolio was judged to be nonperforming (7 1\2 percent of GDP), with slim chances of recovery, leaving the bank with a negative net worth estimated at F USD 170 million. The Reserve Bank of Fiji (RBF) raised concerns about the NBF's lending practices as early as 1991, but it lacked the power to enforce a solution. The problems continued to grow until the NBF's liquidity position finally became untenable in 1994. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (48 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |