Bank South Pacific's (BSP) Chairman, Kostas. Discussions with the Central Bank of Solomon Islands have been positive and are well-progressed. G. Constantinou, says it is still committed to purchasing Westpac's banking operations in the Solomon Islands, it is just waiting for the necessary approvals from the Central Bank of Solomon Islands (CBSI). The CBSI has approved a request by BSP, which was formed last year, to acquire all its remaining assets and liabilities worth about $US1 billion. This move is part of Westpac's plan to adhere to the recent regulatory rules set out by Australia's financial regulators.
Bank South Pacific's (BSP) Chairman, Kostas. G. Constantinou, says it is still committed to purchasing Westpac's banking operations in the Solomon Islands, it is just waiting for the necessary approvals from the Central Bank of Solomon Islands (CBSI). The CBSI has approved a request by BSP, which was formed last year, to acquire all its remaining assets and liabilities worth about $US1 billion. This move is part of Westpac's plan to adhere to the recent regulatory rules set out by Australia's financial regulators.