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FIC Public Statement Regarding COVID-19

The Republic of Palau Financial Institutions Commission (FIC) issues this public statement in regards to the current condition of Palau’s banking sector in light of the ongoing COVID-19 pandemic.

The current condition of our banking system is stable. All licensed banks are operating normally, however, the situation with this health emergency is fluid. The FIC continues to monitor all banks’ financial condition and reassures the public that banks have sufficient cash on hand and are able to withstand economic uncertainty in the foreseeable future. The FIC expects that all banks are able to provide regular banking services such as cash checks, provide currency, accept payments, conduct wire transfers, and other banking services. Read more.