ANZ

“We established our first Suva branch in 1883, and in 1951, the Bank of Australasia merged with the Union Bank of Australia to form ANZ Bank Limited,” explained ANZ CEO Pacific & CEO Fiji, Vishnu Mohan, at a function held in Suva to commemorate the milestone anniversary.

“We’ve since continued to grow our presence in Fiji with the acquisition of the Fiji operations of Barclay’s and Grindlays Banks in 1985, Bank of New Zealand in 1990, and Bank of Hawaii in 2002,” said Mohan.

The forum is being held next week in Suva, Fiji and has been established to discuss critical issues in sustainable development for the people of the Pacific, with the theme this year of “Building Climate Resilient Green Blue Pacific Economies”.

This capital raising is part of a program announced on 6 August 2015 to raise a total of $3 billion in equity capital to meet recently announced capital requirements for major Australian banks by the Australian Prudential Regulation Authority (APRA).

ANZ Chief Executive Officer Mike Smith said: “We considered all the options available and determined that, on balance, a share purchase plan in conjunction with our institutional placement supports our loyal retail shareholders and completes the capital raising in a fair, timely and efficient way.