Crisis-riven Nauru has suffered another blow - with an Australian bank abandoning plans to open what would have been the only branch on the tiny Pacific nation. A spokeswoman said: Uncertainties have surfaced during the course of this work and at this point in time the bank has decided not to proceed with establishing a community bank branch. Bendigo Bank said at the time it was monitoring events but did not specifically cite Naurus legal woes when confirming the branch would not go ahead. The bank said it would return to the Pacific nation in the coming weeks to gauge interest in establishing what it calls an agency – a type of kiosk for banking services that operates within an existing business. Nauru’s Finance Minister David Adeang urged people not to be disheartened by that the branch was not going ahead. They [Bendigo bank] can still provide a service to secure monies and to deposit and withdrawal and transferral,he told local media last week, according to a translation provided by the Nauru government information office. theage.au/national/uncertainties-lead-to-australian-bank-dumping-plans-for-naurus-only-branch-20140326-35iw8.html#content
Posted on: Wed, 26 Mar 2014 23:15:18 +0000
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