Fiji Development Bank Loan Portfolio Surges to Nearly $600 Million

The Fiji Development Bank (FDB) has reported substantial growth, with its loan portfolio reaching nearly $600 million. This expansion reflects the bank's ongoing efforts to increase lending and enhance the quality of its financial assets.

Chief Financial Officer Saiyad Hussain presented figures indicating a significant increase in the portfolio from $368 million in 2023 to $411 million in 2025. Furthermore, the bank achieved a net profit of $14.1 million in 2025, with its net income rising from $29.1 million in 2024 to $32.1 million in the following year.

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As a bank, we have to borrow from the market to fund our operations. And we are always at the mercy of the market. What the market dictates in terms of interest rate, we have to get that.

While the bank has seen improvements, with non-performing loans dropping to around $63 million, it faces challenges. Hussain highlighted the rising cost of funds as a major concern, as the bank relies on market borrowing to finance its operations. He noted that while the bank benefited from lower market interest rates in past years, recent increases have put pressure on funding costs.

Despite these pressures, the FDB's performance indicates a strengthening financial position and a commitment to supporting Fiji's development through increased lending and improved asset quality.

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So, I think if you look at the last few years, the liquidity in the market has been quite high. And so, we got the benefit of lower cost of fund.