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Since 2004, BSP has pursued a strategy of expanding in the South Pacific. It acquired Westpac's branch in Niue, which was the only bank of any kind on the island. Westpac had established the branch in 1988 but was interested in reducing some of its operations in the area. In April 2013, BSP sold the Niue branch to New Zealand bank Kiwibank. [5]
On 27 April 2007, Bank South Pacific made a formal announcement to the Port Moresby Stock Exchange that it had wholly acquired NBSI. NBSI now operates as Bank South Pacific, [1] with operations in the Solomon Islands, Fiji, and Papua New Guinea. On 29 January 2015, BSP entered into an agreement to acquire Westpac's banking operations in Samoa ...
National Bank of Solomon Islands (dissolved into BSP) Westpac Solomon Islands; Western Samoa Central bank ... Bank South Pacific (BSP) National Bank of Samoa;
The National Australia Bank (NAB) incorporated its operations in PNG in 1974, which it called Bank South Pacific (BSP). Also in 1974, the Commonwealth Bank withdrew from PNG, transferring its operations to the new government of PNG, [3] which called the bank the "Papua New Guinea Banking Corporation" (PNGBC). Papua New Guinea was granted ...
Growth in Pacific Island economies slowed last year to 5.5%, with tourism and remittances from overseas workers recovering in some countries, while shocks from cyclones and drought hampered others ...
Colonial National Bank, was a Fiji bank that operated between 1976 and 2009 when it was purchased by the Bank South Pacific. The full name of the bank was National Bank of Fiji trading as Colonial National Bank. In December 2009 the bank was acquired by Bank South Pacific (BSP). This gave BSP the largest branch network in Fiji.
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Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)