*  *  *  Mr. Ian Clyne, Bank South Pacific Group Chief Executive Officer Mr. Kevin McCarthy, Bank South Pacific Fiji Country Manager Management and Staff of Bank South Pacific Fiji Distinguished Guests Ladies and Gentlemen Introductory Comments Bula vinaka, a very good evening and a belated happy new year to you all!
But capacity constraints alone are an unsatisfying answer to the question of why access to credit is so tight. It seems reasonable to suppose that if lenders were eager to originate mortgages, they would have an incentive to invest in staff and systems to alleviate these constraints. I believe uncertainty about the future on the part of lenders is inhibiting these investments.