As bankers, we can attest to the prominent role played by financial institutions in the development of any economy. In Fiji, the contribution of the financial sector to total real growth or total value added product of the economy is around 9 percent.
As a measure of its size, total assets of the financial sector in Fiji is around 180 percent of the country’s overall gross domestic product (GDP). This ratio has increased from about 150 percent five years ago and shows the increasing importance of the financial sector in our economy.