BSP Chairman Sir Kostas G. Constantinou, O.B.E has has on Tuesday announced that BSP remains committed to the acquisition of Westpac’s banking operations in the Solomon Islands.
A statement from the Chairman said, BSP is working closely with the Central Bank of Solomon Islands (CBSI) to obtain the necessary approvals and discussions with the Central Bank have been positive and are well-progressed.
“BSP is confident for a positive conclusion of the new application that is currently before the CBSI to allow the transaction to proceed shortly thereafter.”
BSP acknowledged and thanked the Central Bank Governor and the CBSI Board of Directors for its careful and considered review of our application.
“BSP and Westpac remain committed to the acquisition of Westpac’s Vanuatu Operations,” the chairman said.