ANZ (Fiji)
Encyclopedia
ANZ is one of the largest banks in Fiji
and has about a 40% market share.
established the Fiji Banking and Commercial Trading Company Limited in 1873. However, the bank's owners sold it in 1876 to the Bank of New Zealand
(BNZ). Union Bank of Australia established a branch in 1880, but closed it in 1895. In 1951 Union Bank’s successor, ANZ, returned to Fiji with a representative office that it upgraded to a branch. In 1985 ANZ acquired Barclays Bank’s operations, which Barclays had established in 1973. Then in 1990 ANZ acquired BNZ’s operations. Lastly, in 2001 ANZ bought Bank of Hawaii
’s (Bankoh) three branches; Bankoh had entered in 1993.
Fiji
Fiji , officially the Republic of Fiji , is an island nation in Melanesia in the South Pacific Ocean about northeast of New Zealand's North Island...
and has about a 40% market share.
History
Investors from AucklandAuckland
The Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
established the Fiji Banking and Commercial Trading Company Limited in 1873. However, the bank's owners sold it in 1876 to the Bank of New Zealand
Bank of New Zealand
Bank of New Zealand is one of New Zealand’s largest banks and has been operating continuously in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861...
(BNZ). Union Bank of Australia established a branch in 1880, but closed it in 1895. In 1951 Union Bank’s successor, ANZ, returned to Fiji with a representative office that it upgraded to a branch. In 1985 ANZ acquired Barclays Bank’s operations, which Barclays had established in 1973. Then in 1990 ANZ acquired BNZ’s operations. Lastly, in 2001 ANZ bought Bank of Hawaii
Bank of Hawaii
The Bank of Hawaii Corporation is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that majority of the voting stockholders reside within the state...
’s (Bankoh) three branches; Bankoh had entered in 1993.
Sources
- Butlin, S. J. 1961. Australia and New Zealand Bank: The Bank of Australasia and the Union Bank of Australia Limited, 1828-1951. London: Longmans, p. 207.
- Chappell, N.M. 1961. New Zealand Banker’s Hundred: A History of the Bank of New Zealand, 1861-1961. Wellington: Bank of New Zealand.
- Narube, S. and B.T. Whiteside. 1985. “Financial Institutions and Markets in Fiji”. In M. T. Skully, ed. Financial Institutions and Markets in the Southwest Pacific. London: Macmillan Press.
- Tschoegl, A.E. 2005. Foreign Banks in the Pacific: A Note. Journal of Pacific History.