. we have received positive feedback on these policies. we will continue to review exchange control policies regularly to ensure that they are practical, relevant and appropriate. concluding remarks finally, i would like to thank mr. ross mcdonald for his kind invitation. i thank credit corporation fiji limited for their support and cooperation with the reserve bank ’ s policies and guidelines and also for the role that it has played in fiji ’ s economic development. i congratulate ross and his team on the opening of your new head office. i also wish the ccfl team all the best in its future endeavours. official opening i now have much pleasure in declaring ccfl ’ s credit house open. thank you.

savenaca narube : a few words on fiji ’ s economy and financial system opening address by mr savenaca narube, governor of the reserve bank of fiji, at the official opening of credit corporation ’ s new head office at 10 gorrie street, suva, 19 november 2007. * * * your excellency, the papua new guinea high commissioner to fiji, mr. peter eafeare sir henry torobert, former chairman of credit corporation ( for 14 years ) and former governor bank of papua new guinea ( for 21 years ) mr. noreo beangke, group managing director credit corporation mr. rob allport, the first general manager of credit corporation fiji limited board directors of credit corporation mr. ross mcdonald, managing director, credit corporation fiji limited distinguished guests ladies and gentlemen introductory remarks a good evening to you all i am pleased to be here this evening for the opening of credit house – credit corporation fiji limited ’ s new head office. i take this opportunity to congratulate credit corporation for its 15 years of service to fiji. i have watched the growth of the company with interest during these 15 years. it has come a long way. its assets have grown. the quality of its loan book has significantly improved. apart from its head office in suva, it has opened offices in nadi and lautoka. the number of its employees has risen to over forty. its products have expanded and now include lease and asset purchasing, fleet leasing, personal finance, insurance premium, pre - finance vehicles and investment facilities. understandably, the first few years of operations in fiji were difficult for ccfl. they have come through well. ccfl now have a sound business with prudent financial management and i am pleased to say in compliance with reserve bank requirements. the corporation can look back at its 15 years in fiji with great satisfaction. i can confidently state that credit corporation has played a valuable role in advancing fiji ’ s financial system and economic development. credit corporation fiji limited ccfl ’ s entry into the fiji market in 1992 was instrumental in bringing finance and increasing competition to that secondary market. its financing reaches out to many key sectors like the bus industry, pine, timber and logging and the major transport industry for ten - wheeler trucks and trailers. in addition, i am told that they also have as clients both large and small businesses and across all sectors of agriculture financing the movement of farm produce and cane harvesters in the sugar industry as examples. this