And Bank South Pacific intends to open their Nadi branch early in the New Year. These new branches seem to come in waves. It is a reversal of what happened about ten years ago when commercial banks were closing branches and agencies and we have been asked a few times why that happened. But it is a welcomed reversal.
These are excellent signs of the bank’s confidence in the financial system and the country. It is also an excellent development for customers allowing them closer access to banking services. Financial system Today, I have decided to talk only about the financial system and leave the economic policies and projections to the Budget Address on Friday.