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Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation ...
Westpac also acquired HSBC's branches, one each, in Fiji and the New Hebrides (now Vanuatu). (HSBC had established its branch in Fiji only some 18 months earlier.) In 1990, Bank of New Zealand sold half its shares in Bank of Tonga to Westpac and half to Bank of Hawaii, giving each of them 30%. In 2001 Bank of Hawaii sold its interest in Pacific ...
Westpac (Fiji) Bank of Baroda; BRED Bank (Fiji) Kiribati. Central bank ... Australia and New Zealand Banking Group Limited (ANZ) Local banks. Bank South Pacific (BSP)
Westpac New Zealand Limited (New Zealand) ... Westpac Bank (Australia, New Zealand, Fiji, Cook Islands, Papua New-Guinea, Samoa, Tonga, Vanuatu, Solomon Islands)
Fiji is an island country consisting of more than 300 islands located in Oceania. Although the economy of Fiji serves as one of the main economic centers of the South Pacific islands, [1] it is mostly made up of agriculture and tourism. [2] The latter contributes to more than 40 percent of the nation's GDP. [3]
The Bank of New South Wales (BNSW), also known as The Wales, was the first bank in Australia.It was established in 1817 in Sydney.During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century.
By the mid-1980s AGC had extended its overseas presence, generally with a local joint partner, into countries such as Thailand, Hong Kong, Taiwan, Solomon Islands, Fiji, Portugal and a joint office with Westpac in London. Overall, by 1988 the very successful overseas operations involved 12 countries and employed more than 1,000 staff.
In 1985, it became a joint venture between the government of Tuvalu, which held 60% of the shares, and Westpac, which held the remaining 40%. In 1995, the government acquired Westpac's shares. [ 4 ] The headquarters of the NBT are at Vaiaku in Funafuti , and agencies are operated on all eight outer islands .