Commercially oriented state-owned banks can help provide much-needed financing for businesses in the Pacific, but only if they strictly adhere to commercial principles and regulations, says a new Asian Development Bank (ADB) report.
Finding Balance 2019: Benchmarking the Performance of State-owned Banks in the Pacific profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries. It examines when and how state-owned banks can deliver domestic financial services on commercial terms, without distorting local markets.
The Fiji Development Bank has welcomed the 2019 Finding Balance report commissioned by the Asian Development Bank.
FDB CEO Mark Clough says some of the findings of the report was a pleasant surprise, seeing how compliant the FDB is, in comparison to other international outstanding development banks.