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Cook Island Games 2020

BCI is honoured to be one of three major sponsors of the Cook Islands Games 2020.  The spectacular official games opening on Friday night featured 3,000 games participants and was the first official engagement for the country's new Prime Minister Hon. Mark Brown.  The opening speeches inspired everyone, and the special message from the International Olympic Committee president Thomas Bach elevated our humble Cook Islands once again onto the world stage.

Part of BCIs contribution to the two week event and a memorable games, is providing an official photographer. We are grateful to do so with our long-time partner Creators Hype.  Head on over to our facebook page, where you will see memories being made.  Tag yourself, your friends and your family! (https://www.facebook.com/bankofthecookislands

"BCI bringing unity to our community."

 

 

 

BCI Signs on as Major Sponsor!

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BCI has officially signed on to be one of the three major sponsors of this year's 2020 games

Of course, we wouldn't miss out on the opportunity to support our people and country! It was a no brainer. As major sponsors, we have donated 12 computers to assist with the scoring, tracking, and overal communications throughout the games. Our team along with Creators Hype will be covering the event (so stay tuned to our BCI Facebook page for daily updateshttps://www.facebook.com/bankofthecookislands ). And in addition, we have also made a cash donation to support the organizing of the Cook Island Games.


Wishing everyone involved, all the blessings.
Stay safe and GOODLUCK!

Meitaki Maata

 

 

News Letter Update

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Jubilee Jumpstart Savings Bond

 

 

Dear parent/guardian,

 

As part of the 50th Constitution celebrations the Cook Islands Government and the Bank of the Cook Islands gifted a BOND certificate to the value of $125.00 to each Year 1 to Year 6 student enrolled in the Cook Islands on the 4th August 2015.

This is a gesture of good faith in consideration of their future and to encourage you all to think abou the financial options you have for saving and investing for your child/children. Now after 5 years your child can claim the money with interest provided that they meet the below terms and conditions.

 

Terms & Conditions

  1. The BOND certificate MUST be presented to BCI with a passport or birth certificate in the matching name of the child to redeem. 
  2. the bond must be redeemed in person no later than 12 months after the maturity date on your bond certificate. 
  3. The bond holder must be a resident in the Cook Islands upon maturity date.
  4. The bond certificate cannot be added to, withdrawn from or transferred to anyone else.

Congratulations to all the recipients of the Jubilee Jumpstart Savings Bond investment returns. 

By keeping track of your bond certificate you have shown that by valuing your investment you have earned the rewards. 

Well done! 

 

   

News Release

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BANK OF THE COOK ISLANDS RECEIVES READINESS FUNDING TO SUPPORT PURSUIT OF ACCREDITATION TO THE GREEN CLIMATE FUND (GCF)

The Ministry of Finance and Economic Management (MFEM) in partnership with the Bank of the Cook Islands (BCI) is pursuing accreditation for BCI to the GCF.   The Bank of the Cook Islands is a recent recipient of a GCF Readiness Support grant through MFEM to advance BCIs accreditation process with GCF.

The Green Climate Fund (GCF) is a global initiative to respond to climate change through financing and investing into low-emission (mitigation) and climate-resilient (adaptation) development. The Office of the Prime Minister’s Climate Change Cook Islands (CCCI) Division is responsible for the engagement and coordination of national projects and capacity building initiatives supported by the Green Climate Fund (GCF).

The Cook Islands Readiness Programme is driven by CCCI in close partnership with the Development Coordination Division of MFEM, the Cook Islands National Accredited Entity to the GCF.  The Readiness Programme seeks to build and develop frameworks for engagement with the GCF, raise awareness of the GCF amongst stakeholders, strengthen capacity and understanding of the GCF’s operations and preparation of country programme documents.

The Bank of the Cook Islands has recently appointed Jennifer (Jenny) Henry as the Lead Consultant of their GCF accreditation process.

MFEM’s Accredited Entity Advisor, Ana Tiraa caught up with Jenny Henry at BCI to ask a few questions on her appointment:  

Tell us about the work you are doing for the Bank of the Cook Islands?

I am tasked with heading the project office aimed at attaining BCI’s accreditation to the Green Climate Fund (GCF).  The role entails a series of requisite policy drafting and the development of supporting frameworks and practices to embed an Environmental and Social Risk Management System into our investment operations for the assessment of standards required in facilitating Climate Finance. 

This involves in-depth consultations with a number of key stakeholders.

What do you hope your work at BCI will achieve?

We hope to accelerate climate projects in the Cook Islands.

If we get accredited to the Green Climate Fund, this will enable direct access to low-cost finance for the Cook Islands private sector (including households) in meeting climate related sustainable goals, such as a reduction in energy emissions, adapting and strengthening structures for long term resilience and so forth. 

Also being a business owner myself operating on Rarotonga and Aitutaki, I appreciate the limitations an operator may face in sustainable development if targeted climate finance access is limited.  BCI aims to bridge that gap for sustainable finance.

The Managing Director of BCI Vaine Nooana-Arioka stated ‘The Bank of the Cook Islands is extremely pleased to receive ongoing readiness support from GCF in assisting our accreditation process, to enable BCI take part in the Climate Change Country Program through an On-Lending approach.

BCI is committed to improving livelihoods by enabling financial access to all Cook Islanders, and is the only Bank with representation across all our Pa Enua; as such are well positioned to readily support the end-to-end facilitation of Climate Finance right throughout the Cook Islands’.  

 

 

Suspicious Transactions

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Public Notice


What happened?

Online fraud incidents have increased during COVID 19 and we are noticing this from suspicious online activity involving debit cards. Fraudsters are using different methods to access your financial information such as phishing.

Read more: Suspicious Transactions

   

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