Bank South Pacific 's ( BSP ) Chairman , Kostas . G. Alexander , 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 ) . BSP acquired Westpac’s Samoa, Cook Islands and Tonga operations in July while Solomon Islands and Vanuatu were put on hold. BSP made a deal with Westpac in January this year to buy its operations in Fiji , Cook Islands , Solomon Islands , Vanuatu and Tonga for AUD 125 m ( $ 89.5 m ) , with Westpac retaining its operations in Fiji and Papua New Guinea . This move is part of Westpac 's plan to conform to the recent regulatory framework set out by Australia 's financial regulators .
Bank South Pacific 's ( BSP ) Chairman , Kostas . G. Alexander , 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 ) . BSP made a deal with Westpac in January this year to buy its operations in Fiji , Cook Islands , Solomon Islands , Vanuatu and Tonga for AUD 125 m ( $ 89.5 m ) , with Westpac retaining its operations in Fiji and Papua New Guinea . This move is part of Westpac 's plan to conform to the recent regulatory framework set out by Australia 's financial regulators .