• In this regard, I am pleased to inform the Committee that the Fijian financial system remains safe and sound supported by a growing asset portfolio which rose marginally from the end of 2015 to July 2016 to just over $ billion. This is almost twice our GDP.
• As at 31 July 2016, the banking sector accounted for 53 percent of the total assets, followed by FNPF at 31 percent and the insurance industry at 9 percent.