The Reserve Bank of Fiji (RBF) has announced an unprecedented profit of $146.2 million for the fiscal year 2025, marking the highest in the bank’s history. This significant achievement was detailed in the RBF’s audited financial statements presented to the Acting Prime Minister and Minister for Finance, Professor Biman Prasad, by Governor and Board Chair Ariff Ali.
Reaffirming its commitment to fiscal transparency and responsibility, the RBF plans to transfer $146 million to the Fijian Government, which includes the entire profit amount and an additional $0.8 million from the Revaluation Reserve Account. This follows a prudent allocation of $1 million to the RBF’s General Reserves.
Governor Ali highlighted that the record profit is the result of robust foreign reserve management and higher interest rates in major trading partner economies. He noted the consecutive years of record-breaking performance, emphasizing the importance of maintaining confidence in the bank’s primary mandate of ensuring macroeconomic and financial stability.
Over the last five years, the RBF has transferred a total of $462.9 million to the government, underscoring its crucial role in Fiji’s economic landscape. However, Ali cautions that future profitability and subsequent transfers hinge on the levels of foreign reserves and global interest rate trends. Risks associated with global trade and geopolitical issues could impact returns from foreign reserves and overall economic stability.
The RBF remains committed to the sustainable management of Fiji’s foreign reserves, with vigilant monitoring of both global and domestic financial markets. This record profit not only bolsters the nation’s financial outlook but also underlines the effective management and strategic foresight of the Reserve Bank of Fiji.
This announcement follows a previous record profit of $135.5 million for the 2024 financial year, which itself reflected a significant leap from prior years. The consistent profitability and substantial contributions to the government highlight the RBF’s crucial role in supporting the nation’s fiscal health and reducing the debt-to-GDP ratio. Despite global economic challenges, the RBF’s strategic management continues to reflect positively on Fiji’s economic resilience and stability.
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