Merchant Finance & Investment Company Limited (Merchant Finance) formerly known as Merchant Bank of Fiji Limited was officially established in 1986, as a joint initiative between Australian Guarantee Corporation (AGC), International Finance Corporation (IFC) and the Fiji Development Bank primarily to offer an array of financing facilities. In April of 1992, the company was licensed as a Credit Institution expanding their capabilities as a financial institution in permitting the company to issue investment products, primarily term deposits.