BSP NEGOTIATIONS WITH CBSI ON WESTPAC ACQUISITION CONTINUES

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BSP logo. Photo credit: BSP.

Bank of South Pacific’s ongoing negotiations with the Central Bank of Solomon Islands have been positive and well-progressed as BSP remains committed to the acquisition of the Westpac’s bankingoperations in the country.

Pacific Islands News Association reports BSP is optimistic to obtain all necessary approvals before allowing any transaction to proceed shortly thereafter.

BSP Group chairman Kostas Constantinou revealed this recently.

Mr Constantinou says BSP’s acquisition application is now before the CBSI and he is confident for a positive conclusion of the new application.