Financial Statistics
Monetary statistics
Nauru uses the Australian dollar, and does not have an independent central bank.
Financial regulation and services are provided by the Department of Finance.
An agency of Bendigo and Adelaide Bank provides access to deposit and savings services on Nauru.
Key statistics as at 30 June 2020 include:
- A total of >12,000 Bank accounts held in the agency
- A total of >11,400 personal customer accounts
- 40,000 ATM transactions a month, valued at $8.3 million. There are 3.5 ATM transactions for every agency one.
- Liability products totalled ~$216 million in 2019-20
- Average account balances of $18,000
- Personal customer transaction and savings balances now an average of $2,000
- In 2019-20 the Nauru customers generated >1.2 million transaction totalling >$2 billion.
Debt statistics
Formal commercial or retail lending services are not available in Nauru, as the Bendigo Agency (the only official provider of financial services on Nauru) does not provide lending services.
The Government has adopted a Debt Action Plan to resolve historic debt and arrears, including meeting obligations related to the Bank of Nauru liquidation.
More detail is in the 2020-21 Budget extract below.
Government statistics
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