NATIONAL BANK OF FIJI LOSES LESS THAN PROJECTED

admin's picture

SUVA, Fiji (December 2, 1997 - PACNEWS)---The restructured National Bank of Fiji recorded a loss of $1.53 million or $670,000 less than the $2.2 million projected for the first year of its corporate restructuring plan.

Chief Manager Ken McArthur said while it is still too early to be overly optimistic, it is becoming evident that the National Bank is capable of making profits again.

McArthur said the National Bank is continuing to progress steadily in line with its corporate plan.

The three-year plan, originally scheduled to run through 1999, has been extended to continue until June 30, 2000. The revision was made following a strategic review session conducted by the board and management of the bank during April of this year.

Rate this article: 
No votes yet

Add new comment