The Fiji Development Bank was established under the Fiji Development Bank Act (Cap 214) on 1 July 1967. The Bank is an autonomous statutory body, the operations of which are controlled by a Board of Directors appointed by the Minister of Finance.
Under the Act the Bank provides finance for projects that contribute to the development of the Fiji economy and to improve the quality of life for the people of Fiji. Loan funds are provided for Agricultural, Small and Medium Enterprises, Corporate and Micro projects. The Government also uses the FDB, as a financial instrument in its development projects/plans and special assistance programs that may be necessary from time to time.
Over the years FDB has introduced a range of loan packages and services aligning it with its strategic objectives and customer demands. At the same time, the FDB has the challenging task of matching its competitiveness level with that in the banking and finance sector.
The Bank has played a significant role in developing the various economic sectors of the country.
Provide finance, financial and advisory services to assist in the economic development of Fiji and in particular in the development of agriculture, commerce and industry.
To be a dynamic financial service provider in the development of Fiji.