Vanuatu’s financial system is well served by banks. There are 11 banks licensed to operate in the country.

According to recent reports, the sector has been and remains a vital part of Vanuatu's economy, employing around 700 people. The commercial banking sector remains well-capitalized with significant liquidity, positioning it well to support economic growth. Compared to the regional Pacific perspective, Vanuatu's commercial banking sector is well-developed, with a plenty of choice for consumers.

One commercial bank the National Bank of Vanuatu) is owned by Vanuatu nationals, while three banks (ANZ Banking Group, BRED Bank, and Bank of South Pacific Vanuatu) are subsidiaries of foreign-owned banks. The most recent WANFUTENG Bank - a Chinese-based commercial Bank makes the banking industry more competitive. The remaining seven banks provide international banking services to the people of Vanuatu. The country also has 34 insurance companies and intermediaries as well as a pension fund.

The Reserve Bank of Vanuatu (RBV) serves as the primary monetary authority and regulator of financial institutions in Vanuatu.