10 Oct 2006

Bank South Pacific gets thumbs up

12:01 pm on 10 October 2006

Papua New Guinea's former Prime Minister Sir Mekere Morauta has congratulated Bank South Pacific on its proposed acquisition of National Bank of Solomon Islands and the Fiji arm of the Pakistan-based Habib Bank.

The Post Courier reports Sir Mekere saying the BSP has the ability to invest overseas and bring its expertise and success to other banks in the region.

The Papua New Guinea-based BSP says it expects the acquisitions to be finalised by the end of the year.