Media Release

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BANK OF THE COOK ISLANDS

 

           Continuing to serve and support the Cook Islands Economy and Your Financial Wellbeing.

 

The Board of Directors, Management & Staff of the Bank of the Cook Islands wish to convey to our Customers and our People of the Cook Islands our sentiments of gratitude and astounding respect with which we have all come together respectfully in this phenomenally extraordinary time.  In addition, to our Health professionals and the teams mobilised under the National Health Emergency Taskforce please accept our deepest appreciation for your tireless effort to keep our People safe. 

In this time of extreme uncertainty the Bank of the Cook Islands purpose remains intact, the financial and personal wellbeing of our Customers and People.  With this in focus we provide our rapid response to assist our Economy and Households through this immediate term impact of COVID-19.

 

Loan Customers

BCI extends an offerto all our Loan Accounts (i.e. Borrowers) for a three (3) months Grace  Period on scheduled Loan Repayments, no matter whether a personal loan, home loan, or business loan.

All Borrowers must contact our loans team by the 30thApril 2020, to accept this offer.  If Borrowers do not make contact, this offer cannot apply as there are    specific discussions and arrangements we will need to put in place with You or your Employer.

Where accepted the Grace Period shall come into effect end of day 31stMarch 2020, for the first loan repayment due from 1stApril 2020 to 30thJune 2020 inclusive.

 

Deposit Customers

There will be no immediate changes to any Term     Deposit interest rates, or our Savings Accounts fees or charges. 

You can continue to access your accounts 24 hours a day through BCIs My Internet Banking service and continue doing things like paying someone with a BCI account, even if they are in our Pa Enua, seeing your account balance and transactions and transferring money between your  BCI accounts.

Most importantly our Branches will remain open.  BCI has the largest branch network in the Cook Islands and we are keeping our people safe to ensure they are available to serve you.

Local people, local bank... some things just go better together