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Offshore news !

Vanuatu To Join The World’s Optical Fibre Internet Backbone

As part of the Government Vanuatu’s commitment to encourage the development of e-business and IT infra- structure, the Vanuatu Government has thrown it’s full support behind the current Joint Venture project between Interchange Limited, a Vanuatu local IT company and Alcatel-Lucent, the giant French telecommunications company to deploy Vanuatu’s first international submarine cable system linking Port Vila, the capital of Vanuatu, to Suva, Fiji.

Scheduled for completion in mid 2012, this new system will deliver faster, more efficient and cost-effective Internet connectivity to the pacific island nation, while removing the current dependence on satellite and strengthening Vanuatu’s competitive position as an e-business hub.

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ANZ Bank (Vanuatu) Limited.

ANZ Bank (Vanuatu) Limited.
PMB 9003
CBD Lini Highway
Port Vila, Vanuatu,
Tel: +678 26355
Fax: +678 22230.
Website: www.anz.com/vanuatu/en/business/

ANZ Bank has had a major presence in Vanuatu since 1971. Over the years it has grown and acquired the operations of Barclays Bank and Bank d’Hawaii and is also known as ANZ Banque Pacifique.

ANZ bank is a stand alone subsidiary bank licensed to carry on banking business in Vanuatu by the Reserve Bank of Vanuatu. It is fully owned by the ANZ Banking Group of Australia. Though ANZ bank in Vanuatu focuses mainly on the domestic market, their facilities are also available to the offshore industry. They offer international Debit cards denominated in most of the major currencies which can only be linked to personal foreign accounts. Their internet banking facilities are state of art and are linked only to personal and local business accounts. No internet banking facilities are available for international company accounts.

ANZ has grown to be a major banking force in the Asia Pacific region having branches and subsidiaries in the South Pacific Region. It has recently acquired the Royal Bank of Scotland’s operations in Asia and has made their presence felt along the way.