HFC’s Sustainable Result for 2011

HFC one of the leading household names in Fiji, continues to drive for best financial solution for the people of Fiji with sustainable returns. “The results for the financial year ending June 2011 was a net profit $2.505 million which is an impressive one, considering the prevailing uncertainties in the advanced global economy which has direct and indirect impact on our local economy” said Tom Rickets, Chairman of HFC. The company continues with its prudent operational platform capitalising on commercial and export segment of the business, driven by strong Customer Call Care program and ably lead by the Chief Executive Officer and his management team.

Tom Ricketts, Chairman of HFC

“It continues from the good work that commenced in 2008 in improving the asset quality, human resource platform, risk management and diversifying into other non‐ interest income streams” said Mr Ricketts. “I extend my sincere appreciation to all our loyal customers who continue to support and partner with us and the Board of Directors for guidance and direction. The CEO and his management team and staff f the unwavering commitments and dedication” stated Tom Ricketts. “I must also acknowledge the support of all our stakeholders who have contributed towards the successful year and in particular our shareholders the Fiji National Provident Fund and the Unit Trust of Fiji” he added.

The Chief Executive Officer Mr. Isikeli Tikoduadua said “The result is very pleasing and credit also go to the staff and management team for their hardwork and commitment. There is huge potential for us to expand and grow in a prudent and sustainable way to provide innovative financial solutions to the people of Fiji and beyond.

Isikeli Tikoduadua, CEO of HFC

“The year has been an eventful one, not only for financial growth but also for strengthening our business foundations” said Mr. Tikoduadua. “The market and economic condition in the coming year looks promising and we are determined and committed to work harder for another successful year”. Tikoduadua also highlighted the current promotional loans for the “festive season” and “back to school” for the customers of HFC which is offered at 50% discounted fees, however, he also advised people to spend wisely during this festive period. “For those who want to save, HFC has a TermSAVER account which offers a very attractive deposit interest rate” he added.

He reiterate that “A lot people think that HFC only do home loan, which is not true, and because of this, we are having a Fiji wide road show to promote all our other products and services which include asset finance, export finance, commercial loan, insurance, property investment, during this festive season and starts this weekend.”

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