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VANUATU BANKS

This page provides some information about Vanuatu's registered domestic and international banks.

A. Vanuatu Domestic Banks

The domestic banking system in Vanuatu consists of two foreign owned banks and two locally owned banks. These banks are subject to the supervision of the Reserve Bank of Vanuatu.

The following are domestic banks operating in Vanuatu:

1.

ANZ Bank (Vanuatu) Limited.

A wholly owned subsidiary of the ANZ Banking Group that is domiciled in Australia. ANZ Bank (Vanuatu) Limited offers a full range of retail and commercial banking services with offices in Vila and Santo. Shares in the ANZ Banking Group are widely held and the company is listed on the Australia Stock Exchange.

2.

Westpac Banking Corporation.

The Vanuatu branch of Westpac Banking Corporation that is domiciled in Australia. The branch offers a full range of retail and commercial banking services with offices in Vila and Santo. Shares in the Westpac Banking Corporation are widely held and the company is listed on the Australia Stock Exchange.

3.

National Bank of Vanuatu.

The Government of Vanuatu holds all of the issued capital of the National Bank of Vanuatu. The National Bank of Vanuatu offers a full range of retail and commercial services and has 19 offices throughout the islands of Vanuatu. It plays an important part in the economy, particularly in the under developed regions.

4. European Bank Limited. European Bank Limited is a privately owned bank that does not offer a full range of retail services. It operates as a private bank dealing with high net worth individuals and companies. European Bank is a wholly owned subsidiary of European Capital Holding Corporation, which is registered in Delaware U.S.A.

5.

BRED (Vanuatu) Limited.

BRED Vanuatu Limited is a newly established domestic bank licensed to carry on domestic banking business under the Financial Institutions Act No. 2 of 1999. BRED (Vanuatu) Limited is a subsidiary of French bank “BRED Banque Populaire”. BRED Bank Populaire has operations in Europe and in Asia Pacific.

6. Credit Corporation (Vanuatu) Ltd Credit Corporation (Vanuatu) Limited is a new Credit Institution established to operate under the Financial Institutions Act No: 2 of 1999. The parent company of the institution, Credit Corporation (PNG) Limited was incorporated in PNG in 1978 and is domicile in PNG. Since establishment the Parent Company has expanded and is now the largest
nationally owned finance and investment house in PNG. It is also a listed company on Port Moresby Stock Exchange. The company operates in PNG mainly in the areas of finance, banking, commercial and residential property ownership, property management and also established subsidiary finance companies in Fiji and the Solomon Islands. The
company also owns 10% of equity of Bank South Pacific making it the major shareholder.

B. Vanuatu International Banks

The following are authorized international banks registered in Vanuatu and are subject to the supervision of the Reserve Bank of Vanuatu under the International Banking Act No.4 of 2002.

1. Asia Merchant Bank Limited

2.

Garrison Bank Limited

3.

Fubon Bank Limited

4.

LMM & CIE, Banquiers Prive's Limited

5.

Nautilus International Bank Limited

6.

United Investment Bank Limited

7. Vianka Bank Limited
8. Financial Partners Bank

The following international banks' licenses were either revoked or lapsed after 31 December 2003.

 

Names

Date of Revocation

1

Asian Bank Limited

10 April 2003

2

Asia Credit International Bank Limited

22 December 2003

3

Bank of Central Pacific Limited

25 October 2002

4

Bank of Commerce (Micronesia) Limited

17 December 2003

5

Bank Fiduciaries Limited

22 December 2003

6

Banque Tourelle Limited

22 December 2003

7

BEA Pacific (Vanuatu) Limited

11 December 2003

8

Equity Investment Bank Limited

31 December 2003

9

European Private Bank Limited

25 February 2003

10

General Pacific Bank Limited

23 December 2003

11

Global Trading Bank Limited

21 March 2003

12

Metrobank International Limited

20 December 2003

13

Multinational Bank (Vanuatu) Limited

10 June 2003

14

Pacific Bank Limited

31 December 2003

15

Pan Pacific Developement Bank Limited

17 February 2003

16

RVC International Bank Limited

20 February 2003

17

The Mandarine Banking Corporation Limited

8 May 2003

18

Titan International Bank Limited

26 November 2003

19

Venezuela Interbank Limited

10 June 2003

20

Asian and Pacific Commercial Bank Limited

31 December 2003

21

BNP Paribas SA

31 December 2003

22

Liu Chong Hing Bank (International) Limited

31 December 2003

23

Pacific Orient Bank Limited

31 December 2003

24

Templar Ethical Bank Limited

31 December 2003

25

The Globalgate E-Commerce Bank Limited

31 December 2003

26

GSP International Bank Limited

6 October 2004

27

Abbey Mercy Bank Limited

6 December 2004

28 National Deposit Bank Limited 16 March 2005

29

Bekoz Bank Limited

17 May 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Copyright © July 2003 - Reserve Bank of Vanuatu - All rights reserved - Last Updated April 10, 2008 8:32 (GMT + 11)