Merchant Finance Unveils Young and Vibrant New Logo
Merchant Finance Limited last night unveiled its young, dynamic and vibrant new logo.
The company is a subsidiary of Fijian Holdings Limited (FHL). The Attorney- General and Minister for Economy Aiyaz SayedKhaiyum officiated at the launch of the Merchant Finance logo at Suva’s Grand Pacific Hotel.
FHL group chief executive officer Nouzab Fareed said for the past 15 to 20 years Merchant Finance has been using the FHL logo. “Now its time to change the logo and we have changed the colours,” he said. The logo, Mr Fareed said, presents a young, energetic, vibrant, dynamic, modern with state of the art feel and it also represented the company.
For the first time, he said, a female was the first chief executive officer for a finance company within FHL Group.
“We are very happy with what’s happening, of course all these good things happen after the storm.
“We had a storm in 2016 and 2017 where we had a biggest loss in 2016-2017. We brought in Rowena Fong as the CEO and since then there has been a big change.
“Merchant Finance has proved if you have the right people, the company will succeed. We would like to thank the current board members as well for their contribution.”
Mr Fareed said they are slowly working towards listing Merchant Finance on the South Pacific Stock Exchange (SPX) by early next year. Merchant Finance aims to maximise shareholders value by providing innovative financial solutions to its customers while safeguarding the security of its depositors and the loyalty of its people. “Merchant Finance plays a vital role in financial sector mainly because we are for the customers who are not bankable.” Mr Fareed highlighted: ■Tota● portfolio exceed $180 million ■Tota● loans given around $180 m ■Tota● number of customers more than 5,000 ■Average loan is more than $25,000 on average people take a loan for three years.
About Merchant Finance
Merchant Finance & Investment Company Limited (Merchant Finance) formerly known as Merchant Bank of Fiji Limited was officially established in 1986, as a joint initiative between Australian Guarantee Corporation (AGC), International Finance Corporation (IFC) and the Fiji Development Bank to offer an array of financing facilities. The current shareholdings of the company are held in part by Fijian Holdings Limited (80 per cent) and South Pacific Trustee Limited (20 per cent), as trustee to Fijian Holdings Unit Trust.