Kia Orana and Welcome to BCI "the people's bank", the only LOCALLY owned bank in the Cook Islands. BCI is dedicated to serving the Cook Islands and delivering the best in Banking products and services with a strong focus on building lifelong relationships.
With the vesting of assets of the Cook Islands Savings Bank and the Cook Islands Development Bank into BCI legislated as 30th June 2001, BCI has come a long way, since the merger. However in our efforts to deliver the legacy these two institutions developed, BCI continues to serve customers from all over the Cook Islands, with almost 100 employees, and the largest branch banking network in the Cook Islands. Our history and experience demonstrates our commitment to doing business in good times and not so good times. We respect each relationship we build and every customer is important to us – no matter what their bank balance may be. We recognise that the people of the Cook Islands are deserving of a sound and vibrant banking service, so at BCI we have made it our challenge to look after our existing customers, earn new ones and build lifelong relationships with each.
As a State Owned Enterprise, we are committed to our role in the sustainable development of the Cook Islands. An example is our partnership with the Government to lower for Cook Islanders the cost of living and the cost of doing business. Since 2013 we have consistently reduced our interest rates on Home Loans and Business Loans, implementing a total of 1.01% reduction in Home Loan Rates and 1.25% on Business Loans. On the 1st July 2020 a further reduction of 0.25% was implemented for elible loans as part of BCIs COVID-19 response package. We continue to revise our pricing strategies and to pursue new opportunities as part of our commitment to accelerating growth and providing superior financial services to our Cook Islands people.
Vaine Nooana-Arioka makes things happen! As Managing Director/CEO for the Bank of the Cook Islands since November 2008, BCI has grown its market share, introduced new services and products, reduced interest rates and partnered with Government agencies to deliver finance to un-served sectors of the community. Vaine’s experience is derived from over 15 years in Banking (6 of those years with ANZ Banking Group Ltd in the Cook Islands), and underscored with a Masters in International Economics and Finance (University of Queensland) as well as an Affiliate in Development Bank Management (Asia Pacific Institute of Development Finance). It is important to lend your talents where needed and one which Vaine has nurtured by active service outside of the banking world, holding various executive positions in non-government and government organisations, including Punanga Tauturu Inc and the Cook Islands Business Trade and Investment Board. Vaine has also held membership with various women and girls organisations such as Cook Islands Womens Counselling Centre, Cook Islands Girl Guides, Cook Islands Business and Professional Womens Association and more recently as Chairperson for the Finance Commission of the Cook Islands Red Cross. Vaine’s personal vision statement is “A financially independent Cook Islands”.
Sincerely,
Vaine Nooana- Arioka
Managing Director of Bank of the Cook Islands
Kia Orana, May you live long
Aere Ra, Farewell
Kia Manuia, Good Luck and Good Health
--------------
Get the unofficial official guide to Rarotonga — for free!
The helpful 8-page PDF gets you completely ready for your holiday to Rarotonga. Inside the guide you'll find information on Transportation, WIFI, Customs, SIM/eSIM cards, Scooter Rental, and so much more/
Download the Rarotonga Holiday Guide & Checklist
--------------
The Kia Orana Podcast was created as a result of lock down Covid restrictions, in 2020.