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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.

National Bank of Vanuatu

National Bank of Vanuatu. (NBV)
Rue de Paris.
P.O Box 249
Port Vila,
Telephone: +678 22201
Fax: +678 27227

The NBV is wholly owned by the Vanuatu Government and has no overseas parent. From a humble beginning in the early 90's, it has grown to be the bank most widely represented in the Vanuatu archipelago, with 25 branches in total located in every island where there is a substantial population. It can be said this is the people's bank.

NBV has correspondent arrangements and can offer accounts denominated in all the major currencies, i.e. USD, GBP, EUR, AUD etc. The bank recently moved into it’s own new building.

NBV issues a Debit card (isiKad) for use in its local ATMs. NBV has full interchange with Westpac bank, which means that local and international Westpac cards can be used in NBV machines. As with all ATMs in Vanuatu, only Vatu withdrawals are possible.  Internet Banking will be launched early third quarter 2011.

As they say "Watch This Space".