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No official statements over troubles at Tonga Development Bank

No official statements have been issued by the Tonga Development Bank or the National Reserve Bank of Tonga (NRBT) regarding a reported move to sack the two top officials of the TDB this week. ....

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Reserve Bank clarifies banking business

Public Notice: The Reserve Bank confirms that business such as investment activities, whereby funds are received from the public to be used for investments or loans at the risk of the person doing such business, is considered banking business. These activities are permitted to be conducted in Tonga only by those who have a banking licence granted by the Reserve Bank under ....

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