17 Jul 2014

Fourth commercial bank opens in Solomon Islands

1:19 pm on 17 July 2014

The fourth commercial bank for Solomon Islands, Pan Oceanic Bank has opened its doors to the public.

Prime Minister Gordon Darcy Lilo speaking at a cocktail party to mark the opening on Friday, welcomed the bank saying it was the first locally incorporated commercial bank in the country.

To cut the ribbon and open its doors, Governor of the Central Bank, Denton Rarawa assured Solomon Islanders of the new banks ability after scrutiny by CBSI.

He said just as with everything new, people will be cautious.

Pan Oceanic Bank within 3 days of operation opened around 1,000 accounts

Pan Oceanic Bank in Solomon Islands

Pan Oceanic Bank in Solomon Islands Photo: Supplied