Jane Kittel, General Manager
Pacific Banking provides banking services for consumer, business and government customers throughout the South Pacific.
It is represented in seven countries: Cook Islands, Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu, with 48 branches, 65 ATMs and an extensive EFTPOS network. It has more than 215,000 customers and 12,300 registered online banking users.
| Financial Results |
|||
Pacific Banking |
2007 |
2006 |
% Mov’t 07/06 |
 |
|||
Operating income ($m) |
194 |
176 |
10 |
|
|||
Operating expenses ($m) |
(62) |
(55) |
(13) |
|
|||
Cash earnings ($m) |
80 |
76 |
5 |
|
|||
Economic profit ($m) |
69 |
62 |
11 |
|
|||
Total assets ($bn) |
1.8 |
1.6 |
13 |
|
|||
Deposits ($bn) |
1.6 |
1.4 |
12 |
|
|||
Net loans & acceptances ($bn) |
1.2 |
1.2 |
(2) |
|
|||
Expense to income ratio (%) |
32 |
31.3 |
1 |
|
|||
Employee numbers |
1,104 |
1,075 |
3 |
|
|||
