Suva, Fiji in 1993. Branches in Nadi and Lautoka followed. In 1994, BOH acquired Commonwealth Bank of Australia's 51% ownership in the National Bank of Solomon Islands. BOH also acquired Crédit Lyonnais' holdings in Banque de Nouvelle Calédonie, giving BOH 91 percent ownership. Banque de Nouvelle Calédonie changed its name to Bank of Hawaii—Nouvelle Calédonie. BOH also purchased Banque Indosuez Nuigini in Papua New Guinea from Banque Indosuez for $5.6 million and renamed it Bank of Hawaii (PNG) Ltd. In addition to its main office in Port Moresby, Bank of Hawaii (PNG) also had an office in Lae, PNG's second port city on the Northeast Coast. Indosuez Nuigini was established in 1983 with 49 percent Indosuez participation, 41.5 percent Bank of Papua New Guinea, and the remainder public. International acquisitions In 1998, BOH bought 5.4mn convertible notes of Bank of Queensland for $22 million as part of a strategic alliance giving rise to a true reflecting of the convertible note value into 49% ownership at that time. It also acquired 100 percent of Banque Paribas Pacifique (est. 1972; 3 branches) and 70 percent of Banque Paribas Polynésie (est. 1984; 1 branch). BOH integrated the operations with Bank of Hawaii-Nouvelle Calédonie and Banque de Tahiti, respectively. In 1999, BOH bought 5.8mn shares (approx. 10 percent) in Bank of Queensland. Withdraw from international financial services markets In 2001, BOH sold its 6.2mn shares and 5.4mn convertible notes in Bank of Queensland for $20 million and $16 million respectively. The decision reflected PCFC's new strategic plan, which mandated a focus on the bank's core markets in Hawaii, American Samoa, and Guam. BOH sold its shareholding in the Bank of Tonga and Pacific Commercial Bank of Samoa to Westpac. BOH and Westpac both had 30 percent interests in Bank of Tonga and 42 percent interests in Pacific Commercial Bank. BOH sold its operations in Papua New Guinea, Vanuatu, and Fiji to ANZ for AU$100 million. BOH sold its approximately 95 percent share interest in its French Polynesia and New Caledonia operations to France-based Caisse Nationale des Caisses d'Epargne (CNCE). Its operations in French Polynesia included 17 branches of its subsidiary, Banque de Tahiti, and about 265 employees. Its operations in New Caledonia included eight branches of subsidiary Bank of Hawaii-Nouvelle Caledonie and about 190 employees. Lastly, BOH closed its offices in Hong Kong, Seoul, Singapore, and Taipei. In 2002, BOH was unable to find