Access to Finance

June 2018

Access to Finance improved over the year to June 2018

Access to Financial Services

Over the year ended June 2018, the total access points in the banking system rose by 11% mainly due to an increase in the number of agents and EFTPOS terminals (refer to Table 1 below).

Table 1: Summary of the Type of Access Points in Tonga by Banks

June 18

Banks June 18
Total Access Points No. of Branches No. of Agents No. of EFTPOS No. ATMs
ANZ 173 3 0 156 14
BSP 415 4 22 377 12
MBf 3 3 0 0 0
TDB 8 8 0 0 0
TOTAL 599 18 22 533 26

June 17

Banks June 17
Total Access Points No. of Branches No. of Agents No. of EFTPOS No. ATMs
ANZ 153 3 0 134 16
BSP 374 4 19 339 12
MBf 3 3 0 0 0
TDB 8 8 0 0 0
TOTAL 538 18 19 473 28

Year ended - June 18

Banks Year ended - June 18
Volume % change
ANZ 20 13%
BSP 41 11%
MBf 0 0%
TDB 0 0%
TOTAL 61 11%

In terms of the location of the access points, the Tongatapu 2, Tongatapu 8 and Vava’u 15 constituencies contributed the most to the rise in the number of agents and EFTPOS access points (refer to Table 2 below). BSP has increased their agents and EFTPOS in Tongatapu, the outer islands and the remote areas, particularly in Ha’apai and ‘Eua. This supported the financial consumer’s accessibility to financial services in these outer islands and remote areas.

Table 2: Summary of the Type of Access Points in Tonga by Constituency

June 18

Constituency June 18
Total Access Points No. of Branches No. of Agents No. of EFTPOS No. ATMs
Tongatapu 1 42 0 1 39 2
Tongatapu 2 305 5 2 285 13
Tongatapu 3 26 0 0 25 1
Tongatapu 4 29 0 0 26 3
Tongatapu 5 12 0 1 11 0
Tongatapu 6 8 1 1 6 0
Tongatapu 7 7 0 0 7 0
Tongatapu 8 32 0 4 27 1
Tongatapu 9 29 2 5 21 1
Tongatapu 10 4 0 2 2 0
'Eua 11 8 2 1 4 1
Ha'apai 12 18 2 2 13 1
Ha'apai 13 0 0 0 0 0
Vava'u 14 4 0 1 3 0
Vava'u 15 71 4 2 62 3
Vava'u 16 2 0 0 2 0
Ongo Niua 17 2 2 0 0 0
TOTAL 599 18 22 533 26

June 17

Constituency June 17
Total Access Points No. of Branches No. of Agents No. of EFTPOS No. ATMs
Tongatapu 1 44 2 2 35 5
Tongatapu 2 181 1 1 169 10
Tongatapu 3 74 1 0 72 1
Tongatapu 4 54 1 0 50 3
Tongatapu 5 19 1 2 16 0
Tongatapu 6 11 0 3 7 1
Tongatapu 7 31 0 1 29 1
Tongatapu 8 14 0 2 11 1
Tongatapu 9 22 2 1 18 1
Tongatapu 10 3 0 3 0 0
'Eua 11 6 2 0 3 1
Ha'apai 12 11 2 1 7 1
Ha'apai 13 0 0 0 0 0
Vava'u 14 11 0 0 11 0
Vava'u 15 44 3 3 35 3
Vava'u 16 11 1 0 10 0
Ongo Niua 17 2 2 0 0 0
TOTAL 538 18 19 473 28

YoY Change

Constituency YoY Change
Volume % Change
Tongatapu 1 -2.0 -5%
Tongatapu 2 124.0 69%
Tongatapu 3 -48.0 -65%
Tongatapu 4 -25.0 -46%
Tongatapu 5 -7.0 -37%
Tongatapu 6 -3.0 -27%
Tongatapu 7 -24.0 -77%
Tongatapu 8 18.0 129%
Tongatapu 9 7.0 32%
Tongatapu 10 1.0 33%
'Eua 11 2.0 33%
Ha'apai 12 7.0 64%
Ha'apai 13 0.0 0%
Vava'u 14 -7.0 -64%
Vava'u 15 27.0 61%
Vava'u 16 -9.0 -82%
Ongo Niua 17 0.0 0%
TOTAL 61.0 11%

Source: Banks

Usage of Financial Services

The total number of usage of financial services rose by 5% over the year ended to June 2018 owing to an increase in the number of deposit accounts outweighing a decline in the loan accounts. The increase in the number of deposit accounts is mainly due to commercial banks efforts to encourage the uptake of their digital services platforms while the decline in the number of loan accounts reflected the number of loan accounts under the Government Development Loan that is now reported separately from the banks loan portfolios.

Conclusion

Access to financial services improved over the year ended June 2018, with an increase in the number of access points as well as the number of deposit accounts. This increase in access to financial services encourages the utilization of the excess liquidity in the banking system to increase lending and support domestic economic growth.


Enquiries

Financial Access Department
National Reserve Bank of Tonga
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201 

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Access to Finance Report Releases


pdfIcon Access To Finance - June 2018
Released on 30 July 2019 | 120 KB

pdfIcon Access To Finance - June 2017
Released on 15 August 2018 | 140 KB 

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