Financial Sector
The financial institution in Kiribati are the Development Bank of Kiribati (DBK) that is wholly government-owned and ANZ Bank (Kiribati) Limited (formerly known as Bank of Kiribati), which is the sole commercial bank in Kiribati. Insurance services are provided by another government financial institution, the Kiribati Insurance Corporation. The Kiribati Provident Fund (KPF), also government-owned, manages the assets of the pension system, about 60 percent of GDP in 2010.
Read more about this topic: Economy Of Kiribati
Famous quotes containing the word financial:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)