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Liquidity may be back to over $100 million but commercial banks are still sensing a quiet mood on the investment front says the chairman of the Association of Banks in Fiji, John Cashmore.
Cashmore told FijiLive that lending towards major multi-million dollar projects have been subdued.
"It's been pretty quiet in the major projects at the moment. There are some major projects happening but it has been really quieter than normal. So I guess some of the things that have been happening in the market have affected that (including) the global financial crisis,"said Cashmore.
He said there were some positive signs that people were acknowledging the necessity of moving on from the global financial crisis and there was hope that this would get things moving again.
On the local liquidity front, he said things had improved greatly.
"There had been liquidity issues but now liquidity is starting to Improve and has improved. Where that's heading long term, we don't know at this stage. But the improved liquidity at the moment is helping us to do more for business."
