POB set to open May - Solomon Star News

POB set to open May

20 March 2014
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The newly registered commercial bank Pan Oceanic Bank (POB) will officially unveil its doors in the country mid-May this year.

That was the assurance by Nihal Kekulawala POB’s chief executive officer (CEO) during an interview with the local media at Heritage Park Hotel yesterday.

Mr Kekulawala who is currently in the country said the bank is ready to serve the country through its banking service.

“We have done all legal procedural document paper with the Central Bank of Solomon Island (CBSI) and we should be ready to open in mid-May.

“So far we have been negotiating a space to set up in Honiara and things are now in its final stage,” the CEO said.

He said the bank doesn’t have an agent overseas like any other bank but operating here with an aim to fill the gaps that other commercials bank had overlooked.

“Our bank would operate like any other commercial banks operating in Solomon Island providing similar services.

“Our service will operate according to the laws of CBSI,” he said.

He said CBSI has given them one year timeframe to operate for a start.

At the moment, they only need a space to kick off their service.

“Once we secured a space we would made public our locations and service offered,” Mr Kekulawala said.

By DENVER NEWTER

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